Saudi Arabia is stepping up its wheat production – aiming to produce 25% more in the 2024-25 financial year.
This will take it to 1.5 million tonnes.
The production of wheat is essential for the country and could benefit others who have been affected by the conflict in Ukraine – a major supplier of wheat.
Producers of wheat in the Kingdom are only allowed a certain amount of production as the underground aquafer needs to be monitored.
Wheat is grown under a voluntary program and is limited to small farmers who concentrate on wheat or alfalfa hay, which is more profitable.
Last year’s wheat prices were around $467 per tonne and prices have yet to be set for the new crop.
With tourism increasing 63% from 2022 and expected to reach 70 million international visitors by 2030, the Kingdom will also need more wheat, rice and corn imports over the next several years.
The nation also is bringing in millions of workers to construct several billion-dollar projects throughout the country.
Rice consumption for in 2024-25 is projected to increase to 1.6 million tonnes, an increase of 6% from last year.
Saudi Arabia does not produce any rice and relies on imports for domestic consumption.
The Kingdom is looking to expand in a number of fields including sport and entertainment – and is therefore increasing its food production.
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