aA
On July 16, Saudi Arabia's state grain buyer, the Saudi Grains Organization (SAGO) bought 115 thousand tons of Lithuanian wheat through an international tender from the Lithuanian grain trade company Agrorodeo. The Lithuanian capital company Agrorodeo is the first in the Baltic States to directly sell grain to Saudi Arabia through an international tender, a press release from the company states.
Lithuania sells grain directly to Saudi Arabia for the first time in history
© DELFI / Orestas Gurevičius

So far, Lithuanian grain reached Saudi Arabia through international corporations. Usually, Lithuanian grain trade companies sell Lithuanian grain to such grain export giants as Louis Dreyfus, ADM, Cargill, Bunge or other foreign export companies, which have permits to directly export grain to the Saudi Arabian market.

Agrorodeo has been added to SAGO register of approved suppliers and officially approved to participate in the Saudi Arabian state grain tenders at the end of 2017. The company's managing director Robertas Lapinskas recounts that in order to successfully participate in foreign countries' international grain tenders, not only official permits are important, but also the company's reputation and reliability. "The fact that we can compete as equals with the largest companies in the world is a massive achievement and proof of our competence," he says.

The Saudi Arabian state grain tender purchased a total of 625 thousand tons of grain, almost a fifth of which comes from Lithuania. Two ships with this historic Lithuanian cargo will be dispatched from Baltic Sea ports in August – September.

Agrorodeo Ltd. reached a turnover of 314.5 million euro from trading in plant based agricultural produce in 2017. The company exports Lithuanian farmers and foreign partners' produce to thirty countries around the world. Agrorodeo is among the twenty largest companies in the country.

|Populiariausi straipsniai ir video

Lithuanian urban logistics platform raises €2.2M seed from Japanese backed VC

Ziticity , Lithuanian last-mile delivery service has closed a €2.2 million seed equity investment...

Some 70 flights to return to Lithuanian airports in July

As European countries are gradually resuming air transport, some 70 flights are scheduled to return to...

Loan signed to finance planned gas interconnection between Poland and Lithuania

The European Investment Bank (EIB) has signed a €65 million loan agreement with Lithuanian gas...

Seimas brings low-alcohol drinks to beaches (2)

The Seimas of Lithuania has backed a proposal of a group of lawmakers to ease the sale of low- alcohol...

Coffee Address to acquire Estonian vending and coffee service company

Coffee Address Holding, a vending and coffee service company in the Baltics operating under the...

Top news

Twelve suspects and convicts brought by military plane from UK

Twelve suspects and convicts whose extradition had to be postponed due to the coronavirus pandemic...

Lithuania hands over to Russia regarding serious environmental violations in Baltic Sea

On 3 July, the Ministry of Foreign Affairs of Lithuania handed over a verbal note to the Embassy of...

LGBT community calls on president to show solidarity and wear rainbow badge

Representatives of Lithuania’s lesbian, gay, bisexual and transgender ( LGBT ) community and their...

3 new coronavirus cases

On Thursday, 3 new coronavirus cases were recorded in Lithuania. Overall, 1828 COVID-19 cases have...

First ladies discuss challenges brought by COVID-19 pandemic

Lithuania’s First Lady Diana Nausediene and Elke Budenbender, spouse of Germany’s president,...

|Maža didelių žinių kaina