Saudi Arabia, the world’s largest feed barley buyer, bought 1.02 million tonnes of the grain in an international tender, of which Glencore sold all but one cargo. The barley was purchased at an average price of $266.83 per tonne, cost and freight, and the offered origins were from the EU, Australia, Black Sea, and North and South America, excluding Canada, state grain buyer, the Saudi Grains Organization (SAGO), said in a statement. Traders said Black Sea supplies were looking tighter than thought after an export surge in the past months and so the sale could be a spread of origins, including Argentina. All of the shipments, except one 60,000-tonne cargo, will be supplied by Glencore.

SAGO gave the following breakdown of the purchase:

-Red Sea Ports:

-60,000 tonnes from Glencore at $265.42 (Jan. 1-15)

-60,000 tonnes from Glencore at $265.52(Jan. 15-30)

-60,000 tonnes from Glencore at $265.62 (Jan. 15-30)

-60,000 tonnes from Glencore at $265.72 (Jan. 15-30)

-60,000 tonnes from Glencore at $265.82 (Jan. 15-30)

-60,000 tonnes from Glencore at $265.92 (Feb. 1-15)

-60,000 tonnes from Glencore at $266.02 (Feb. 1-15)

-60,000 tonnes from Glencore at $266.12 (Feb. 1-15)

-60,000 tonnes from Glencore at $266.22 (Feb. 15-28)

-60,000 tonnes from Glencore at $266.32 (Feb. 15-28)

-60,000 tonnes from Glencore at $266.42 (Feb. 15-28)

-Gulf Ports:

-60,000 tonnes from Glencore at $268.54 (Jan. 1-15)

-60,000 tonnes from Cofco Resources at $267.24 (Jan. 15-30)

-60,000 tonnes from Glencore at $268.64 (Jan. 15-30)

-60,000 tonnes from Glencore at $268.74 (Feb. 1-15)

-60,000 tonnes from Glencore at $268.84 (Feb. 15-28)

-60,000 tonnes from Glencore at $268.94(Feb. 15-28)

( Source-Reuters)