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Saudi to import soft wheat for the first time
10.08.2010 12:29 "Agro Perspectiva" (Kyiv) —
Elkhereiji also revealed that GSFMO will start importing soft wheat for the first time. «Some food industries need it so we are going to import it. If it is not in our next tender it will be the one after it, in 2011. We have already started adapting our mills to be able to process soft wheat».
He declined to elaborate, saying the soft wheat imports have yet to be determined.
Asked about the potential size of GSFMOs upcoming hard wheat tender, Elkhereiji said: «Current level of prices does not encourage buyers to enter the market with large quantities».
«The pre-emptive planning we have gives us five months before issuing the next tender… Prices will decline but they will not return to the lows we have seen earlier this year,» he said.
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