Saudi-backed grain exporter group | Queensland Country Life
SALIC Australia, a Saudi-backed agribusiness, has exported a cargo of bulk grains in a revolutionary move for the company as it seeks to establish its presence in Australia.
SALIC (Saudi Investment Company for Agriculture and Livestock) Australia on 23 May sent a shipment of 60,000 tonnes from the Quattro Ports facility in Port Kembla, NSW, which is due to arrive in Saudi Arabia within weeks to come up.
This is the first of a number of bulk export cargoes that SALIC Australia has planned.
Previously, the company was best known in Australian farming circles for its investments in farmland in Western Australia, where it owns a huge aggregation, Merredin Farms, which produces grain and livestock on 211,000 hectares and cultivates around 120,000 hectares. tons of grain every year.
The 60,000 tonne wheat shipment is the first of multiple bulk export shipments that SALIC Australia has scheduled for this year.
However, the company has stressed that it is looking to accumulate grain outside of its own farm – and NSW’s 60,000 tonnes show it is ready to buy if needed.
Given the strong Saudi demand for grains, the company said it expected to be in the grain market again in the coming months.
“Based on Saudi Arabia’s requirements, SALIC Australia will source grain from all Australian states over the coming seasons and export from multiple ports,” said a spokesperson for SALIC Australia.
The aggressive push by society in Australia reflects changing sentiments in Saudi Arabia about how best to ensure food security for the arid nation.
Previously, there had been a push for self-sufficiency, but with dwindling water resources, the Kingdom instead sought to establish chords within the major agricultural nations, which is music to the ears of grain farmers. Australian.
“Given its continued investments in Australian agricultural production and supply chain, more and more of Saudi Arabia’s food needs will be met by Australian produce, which is ultimately good for the prices and the competition here. in Australia, ”the spokesperson said.
Saudi Arabia’s renewed interest in Australian grains comes at the right time after a bountiful harvest, and particularly in the barley sector, where, due to Chinese tariffs, alternative markets are more important than ever. .
“Investment in exporting has come at a great time for Australia, especially with the 2020/21 winter bumper crop looking for other export houses,” the spokesperson said.
In terms of logistics, SALIC Australia will work closely with a range of Australian trading, export and brokerage companies to ensure smooth accumulation, logistics and export.
The first ship loaded from Quattro Ports, where SALIC Australia was assisted by New South Wales-based agribusinesses, Basis Commodities and Arrow Commodities, is one example.
The story of a Saudi-backed group that exports grain first appeared on Farm Online.