Recently Released Market Study: Saudi Arabia Agribusiness Report Q1 2013
BMI View: We forecast another fall in Saudi Arabia's wheat output for 2012/13, in line with the country's strategy to phase out grains production in the next decade. We believe Saudi Arabia will find sufficient grain supply from the Black Sea region and the EU to supply its food processing industry in the coming years. Recent spikes in feed prices turned us more cautious on margins for dairy and livestock producers in the country, especially the ones that import inputs...
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