Saudi Arabia To Import More Wheat

Saudi Arabia plans to import around two million tonnes of wheat in 2011 like last year and will boost imports to three million tonnes after 2016 as it ends local production, a source at the grains authority said Feb. 2. The top OPEC oil exporter has emerged as a major wheat buyer to feed its

Gulf Arab Governments Tackle Higher Food Prices

Countries in North Africa and the Middle East are urgently seeking ways to soften the blow of surging food prices for their citizens, alarmed by protests against authoritarian rulers from Algeria to Yemen. Unprecedented demonstrations have erupted around the region, triggered by events last month in Tunisia where President Zine al- Abidine Ben Ali was


Saudi Arabia To Privatize Its Flour Mills

Saudi Arabia’s state-run Grain Silos and Flour Mills Organization (GSFMO) said Nov. 9 it would privatize its flour-grinding mills by creating four companies, but will continue to import wheat and sell it to the mills. The top oil exporter has 11 flour mills it hopes to sell to private investor groups but it did not

Saudis Invest In Indonesian Agriculture

Saudi investors launched agricultural projects in Indonesia worth $1.3 billion last year, a top business official said March 23, as the world’s top oil exporter seeks to secure food supplies from abroad. Mohamed Abdulkader al-Fadel, who chairs Saudi Arabia’s Commerce and Industry Chambers Council, made the remarks during a meeting with Indonesia’s ambassador, state news


Two Saudi Firms Eye Agribusiness Investment Abroad

Two listed Saudi companies plan to invest in either farming or agribusiness abroad under a state-sponsored plan to ensure steady food supplies. Saudi Arabia has urged companies to invest in farm projects abroad after deciding last year to reduce wheat production by 12.5 per cent per year, abandoning a 30-year-old program to grow its own

Food, Farms The New Target For Venezuela’s Chavez

Venezuela’s President Hugo Chavez has put food and farms at the centre of his socialist revolution, tightening the government’s grip on supplies of staples in a strategy that risks sparking social unrest. Chavez nationalized a local unit of U. S. food giant Cargill on March 5 and threatened to take over the South American country’s


Answer to fertilizer woes blowing in the wind, says researcher

Brandon Here’s an interesting experiment: On a hot day, open a six-pack of beer with your buddies and start drinking. When there’s only two left, observe the dynamics. The degree of thirst and the attitudes of the company present will determine how the situation gets resolved. That in a nutshell, describes the current global fossil