Saudi Arabia to sell off Canadian assets and stop buying Canadian wheat and barley

August 8, 2018

The Kingdom of Saudi Arabia is reportedly selling off its assets in Canada and will stop buying Canadian wheat and barley, in the latest escalation in the sudden diplomatic dispute between the two countries.

Saudi Arabia's main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley.

"As of Tuesday, Aug. 7, 2018, Saudi Grains Organization (SAGO) can no longer accept milling wheat or feed barley cargoes of Canadian origin to be supplied," the notice to grain traders said.

Canada sold 66,000 tonnes of wheat to Saudi Arabia last year, slightly less than it did in 2016, Statistics Canada data shows.

In 2017, Canada also sold 132,000 tonnes of barley to the country, two times as much as it did the previous year...

This was excerpted from the 8 August 2018 edition of CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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