World Grain - February 2023 - 13

GRDC invests $17.5 million in Grains Australia
CANBERRA, AUSTRALIA - The
Grains Research
and
Development
Corp. (GRDC) has committed more
than $17.5 million over four years to
Grains Australia Ltd. to bolster the competitiveness
and profitability of the nation's
grain sector across the value chain
in domestic and international markets.
Established by GRDC in 2020, Grains
Australia delivers services and functions
on behalf of the grains sector, including
classification, trade and market access,
market information and education with
the aim of ensuring Australia has a collaborative
and unified approach, the
GRDC said.
The Australian grains sector is worth
$16.7 billion on average each year with
grain growers producing around 46.8
million tonnes of grain annually, according
to the latest figures from the
Australian Bureau of Agricultural and
Resource Economics and Sciences
(ABARES).
John Woods, chairman of GRDC
and a grain grower, said the decision
to invest in Grains Australia on behalf
of the nation's grain growers was a
critical, considered move to support the
SAGO becomes General Food
Security Authority
RIYADH, SAUDI ARABIA - The
Saudi Council of Ministers has approved
draft organizational arrangements to
change the Saudi Grains Organization
(SAGO) into the General Food Security
Authority (GFSA).
The change will help enhance the nation's
efforts on food security, uniting
the efforts of government agencies and
the private sector, said Ahmed bin Abdul
Aziz Al-Faris, governor of the GFSA.
Al-Faris said the GFSA will work on
drafting a comprehensive plan for strategic
storage, developing regulations
and legislation related to it, developing
an early warning system for food, identifying
targets for food loss and waste,
planning the implementation of awareness
programs to reduce waste and establishing
partnerships with countries
and international organizations.
www.World-Grain.com / World Grain / February 2023
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World Grain - February 2023

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