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DUBAI, Aug 6 (Reuters) – Saudi Arabia’s customs authority canceled a “safety payment” levied on wheat imports, the dominion’s state-grain purchaser SAGO stated on Twitter on Friday, as a part of a plan to liberalise grain imports by privately-owned flour mills.
SAGO cited a call by the finance minister, printed in native papers on Wednesday. The charges had been levied on imports to guard native grain growers.
Saudi Arabia, one of many world’s largest grain patrons, this yr accomplished the privatisation of its flour mills underneath a plan that ought to enable them to purchase wheat straight from world markets in addition to from SAGO.
The sale of the flour mills is a part of broader plans to overtake the economic system.
(Reporting by Maher Chmaytelli Enhancing by David Goodman, Kirsten Donovan)
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