Demetra Trading exported wheat to Saudi Arabia for the first time, the scope of delivery amounted to 64 thousand tons. The shipment was made from the berth of Novorossiysk Grain Terminal (hereinafter NGT) to the port of Yanbu Al-Bahr, the vessel JOHNNY CASH plans to arrive at its destination in the next day.
Wheat supplies to Saudi Arabia from the Russian Federation resumed after a four-year break last season, Demetra Trading became one of the four largest Russian wheat exporters to this country.
Roman Kron, CEO of Demetra Trading, noted: 'The company continues its dynamic development and expands its sales markets. Saudi Arabia has strict requirements for the wheat quality and this supply shows that we can fully meet high standards. I would like to thank NGT and the state supervisory authorities that ensured the quality, safety and phytosanitary inspection of the cargo for Saudi Arabia for their professional work.'
Novorossiysk Grain Terminal had to provide a number of conditions for the transshipment of that batch of grain: separate storage, a more thorough quality analysis, selection and separation of grain according to the requirements of the buyer.
Vladislav Zhukov, General Director of NGT, commented: 'The separate storage of grain in such a volume required production processes optimization at the terminal. The shipload had been stockpiling over three weeks; the volume of 64 thousand tons was half of the terminal's one-time storage capacity. Currently, our strategic plans are related to the investment projects for the port infrastructure development which will significantly enlarge the capacity of grain silos by 2023 and double the terminal's export transshipment capacity by 2025.