CBH Group has exported the largest-ever barley shipment out of Western Australia, with the vessel shipping more than 77,000 metric tons from the Esperance port, according to a Nov. 18 statement.
Jason Craig, CBH general manager of marketing and trading, said this is a major milestone for the company and further strengthens its position as the number-one exporter of Australian grain.
"The feed barley cargo is destined for our customers in Saudi Arabia," CBH said.
After loading, the ship will take approximately 15-16 days to reach Saudi Arabia.
"Saudi Arabia is the largest feed barley importer in the world, requiring 7.5-8.0 million (mt) per year. Those imports are set to rise with the country's growing population and increasing living standards," Craig said. "In addition to this, Saudi is developing as an important market for wheat also as domestic grain production is due to cease in 2016 due to a government mandate on water usage."
The Middle East and Africa accounted for 39% of CBH's total grain exports in the 2012-13 shipping period.
"The region is an extremely important market for us, and executing a shipping program using these larger vessels will enable us to better compete into that market, from a freight perspective," Craig added.