Saudi Arabia Archives - Page 2 of 4

Barley south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

Barley ‘price war’ seen sparked by China, Saudi demand drop

By GFM Network News, Reuters February 14, 2019

Paris | Reuters — A drop in demand from China and Saudi Arabia sent barley prices tumbling in recent weeks, despite low global supply, and price pressure may continue if harvest prospects for next season remain good, analysts at Strategie Grains said. The barley market rallied earlier in the 2018-19 season with weather-hit crops in

Last crop year Canada exported 70,000 tonnes of wheat and 135,000 tonnes of barley to Saudi Arabia.

Cereals, News

Saudi sanctions add to market access woes

The list of customers trying to block Canadian grain is a growing concern to the industry

By Allan Dawson August 22, 2018

Saudi Arabia isn’t a big Canadian grain customer, but Canada’s grain sector isn’t happy about losing access to it in the wake of a diplomatic spat sparked by Canada’s criticism of Saudi Arabia’s poor human rights record. “I think we really do need to see a focus from all government agencies and departments that they

News

Will Saudi sanctions put G3 on the selling block?

Canada’s grain industry has questions but G3 isn’t saying much

By Allan Dawson August 22, 2018

How will Saudi Arabia’s sanctions, including a ban on Canadian grain purchases, affect G3? The grain sector was abuzz with speculation last week given the grain company that acquired the Canadian Wheat Board’s assets in 2015 is a partnership between the state-owned Saudi Agricultural and Livestock Investment Co. (SALIC) and U.S. grain company Bunge. The

A diplomatic dispute between Canada and Saudi Arabia has halted wheat and barley shipments to the middle eastern country. Photo: Thinkstock

Cereals, Crops

Saudi Arabian agency stops buying Canadian wheat, barley

By GFM Network News, Michael Hogan August 7, 2018

Hamburg | Reuters – Saudi Arabia’s main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley in its international tenders, European traders said on Tuesday, as a diplomatic dispute between the two countries escalates. Traders said they had received an official notice from the Saudi Grains Organization

Crops, Markets

Saudi Arabia boosts stake in G3 Canada

By GFM Network News, Rod Nickel June 17, 2016

Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co.

Crops, Markets

Glencore in talks to sell further stake in ag unit

By GFM Network News May 6, 2016

London | Reuters — Commodity trader and miner Glencore is in talks to sell a further 9.9 per cent stake in its agricultural unit, negotiating with bidders that missed out on the 40 per cent sold to the Canada Pension Plan Investment Board (CPPIB), two sources with knowledge of the matter said. Glencore, whose ag

Crops

CPP reported in talks for stake in Glencore agribusiness

By GFM Network News, Reuters April 5, 2016

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at

Crops, Forages

Saudi dairy firm buying California land for fodder

By GFM Network News, Reuters January 11, 2016

Reuters –– Saudi Arabia’s Almarai, the largest dairy company in the Gulf, has spent C$45 million to buy land in California to supply its business with alfalfa hay, it said Sunday. The 1,790 acres of land at Blythe — in the state’s southeast corner, about 200 km east of Palm Springs — was acquired through

Beef cattle

Brazil looking to open Canadian, Saudi Arabian fresh beef markets

By GFM Network News July 27, 2015

Brasilia/Reuters – Brazil is working on a deal to open the Canadian market for fresh beef in the second half of 2015 and is in the final phase of opening the Saudi Arabian market, the agriculture ministry’s secretary of international relations said on Monday. Brazil also expects a final deal to export beef to Japan

Cereals, Comment, Opinion

Desire for grain price control drives G3 port plans

More port capacity will allow grain companies to widen their margins

By Jan Slomp June 24, 2015

G3 has announced it may build a new grain terminal at the West Lynn terminal on the North Shore of Vancouver’s Burrard Inlet. G3 is the joint venture of U.S.-based multinational grain company, Bunge Ltd., and the Saudi Agricultural and Livestock Investment Co. (SALIC), owned by the Saudi government. It was given the assets of

Daily Network News

U.S. grains: Soy futures hit June 2024 high as China ramps up buying

U.S. livestock: Cattle futures rebound after tariff reduction news

Canadian food, agriculture coalition to underscore CUSMA importance in Washington

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