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Algeria purchases up to 720,000 tonnes milling wheat in tender

ALGIERS- Algeria’s state grains agency OAIC has purchased up to 720,000 tonnes of optional-origin milling wheat in an international tender which closed on Tuesday, European traders said on Wednesday.

August 8, 2022

ALGIERS- Algeria’s state grains agency OAIC has purchased up to 720,000 tonnes of optional-origin milling wheat in an international tender which closed on Tuesday, European traders said on Wednesday.

According to Nasdaq news website, the Algerian agency has paid about $384 a tonne, cost and freight included, for the entire volume. It was indicated that the purchase was sourced from France, with additional 60,000 tonne consignment thought likely to be sourced from Russia.

Tuesday’s tender requested shipment from main supply regions, including Europe, in three periods: Sept. 21-30, Oct. 1-15 and Oct. 16-31. If sourced from South America or Australia, shipment is one month earlier.

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