Breaking News
- JEOL: Release of a New Cold Field Emission Cryo-Electron Microscope CRYO ARM™ 300 II (JEM-3300)
- Nottinghamshire County Council Renews Support Agreement With Rimini Street for Its Mission-Critical SAP Applications
- Lundbeck Recognized as One of the Best Companies to Work for in Egypt
- Andersen Global Strengthens African Platform with Kashadah & Co.
- ViiV Healthcare announces FDA approval of Cabenuva (cabotegravir, rilpivirine), the first and only complete long-acting regimen for HIV treatment
- EU funds €7.6m to address hunger challenges in Mozambique
- Glencore signs contract to sell 73% of underlying stake in Mopani for $1.5b
- Kasada acquires eight hotels in Sub-Saharan African from AccorInvest
- Customers demand greater digital engagement from Communication Service Providers, survey
- Covid-19: Algeria unveils Anglo-Swedish vaccine’s arrival date
- Kaspersky launches tailored threat intelligence reporting for the automotive industry
- Alvarez & Marsal Announces 2021 Managing Director Promotions
- Tinubu® Square Announces Technological Collaboration With Microsoft
- SINOPEC Yizheng selects INVISTA P8++ PTA Technology
- CYNORA Announces Availability of Industry’s First Device Test Kits for TADF Deep Green Emitters for Next-Generation OLED Displays
- Kenya banks lose $11m card payment revenues to telcos
- Construction of US $10m Gorilla Conservation Centre in Rwanda 50% complete
- Malawian Bank Launches e-Commerce Platform
- LG CHEM TO SEEK INNOVATIVE IDEAS FOR SUSTAINABLE TECHNOLOGIES WORLDWIDE THROUGH 3rd GLOBAL INNOVATION CONTEST
- Everbridge Unveils Next-Generation Front-End Alerting Interface for Industry-Leading Global Public Warning Platform
- Bureau Veritas Further Expands Cybersecurity Offer by Joining Forces With Secura
- CGTN:China’s Winter Sports in Full Swing as 2022 Winter Olympics Approaches
- Johns Manville Announces Katie Albery as New General Counsel
- Andersen Global Enters Malawi
- ARTMS and Isotopia Molecular Imaging Announce Successful Multi-Curie Labeling of PSMA-11 With Cyclotron Produced 68Ga Utilizing the QUANTM Irradiation System™ and Solid Targets
- Zynga Launches Harry Potter: Puzzles & Spells in South Korea
- Digital nutrient management tool reduces emissions, improves crop yields and boosts farmers’ profits
- Algeria: Covid-19 - Partial Lockdown Extended in 29 Provinces
- Cooperation agreement between Ministries of Culture, National Defense signed
- Pitney Bowes Appoints Ana Maria Chadwick as Executive Vice President and Chief Financial Officer
- Velodyne Lidar and Trunk.Tech Announce Strategic Partnership in Autonomous Trucking
- Thales NS50 Radar to Equip the Belgium Navy and the Royal Netherlands Navy Next Generation Mine Counter Measures Vessels (MCMV)
- Walmart and Western Union Enter Agreement to Offer Western Union Money Transfers at Walmart
- Ras Al Khaimah adds new landmark with the longest suspended bridge in the Northern Emirates
- Health Minister voices on Covid-19 vaccination in Algeria
- 180 expands global footprint with launch of New York and MENA hubs
- Construction of the Iconic Tower and all you need to know
- Buhari to Inaugurate National Oil, Gas Centre Thursday
- DHL Express purchases eight additional Boeing 777 freighters
- Uganda restoring internet access after 5-day Nation-wide Shutdown
- Kasada Acquires 1602 Keys Sub-Saharan African Hotel Portfolio From AccorInvest
- Julie Dehaene-Puype and Erik Nordkamp appointed as new regional Commercial Officers for Mundipharma
- Livehealthy Festival 2021 - Focus on ‘Your Immunity’
- Algeria tenders to buy nominal 50,000 tonnes milling wheat
- Algeria Reneges on Pledge to Share COVID-19 Vaccine With Tunisia
- PPRO Raises $180 Million for the Next Era of Local Payments Infrastructure, Is Now Valued Over $1 Billion
- Bank of America Reports Fourth-Quarter 2020 Financial Results
- B2Broker Introduces Latest Technology Components of B2Trader Matching Engine as a Software Solution
- PMI’s Charles Bendotti Recognized by INvolve and Yahoo Finance on OUTstanding 50 Ally Executives List 2020; Nikki Symmons named on LGBT+ Future Leader List 2020
- Mobile-based crypto app Electroneum reports over 1,760 app downloads and 1,200 new registered accounts a day
Algeria's wheat suppliers to feel impact of Black Sea shift next season
PARIS, Sept 29 (Reuters) - Russia's imminent entry into Algeria's massive wheat import market may not mean much extra competition for now, but France and other European Union suppliers face a major threat from next season, traders and analysts said.
The Algerian state grains agency OAIC has circulated modified tender terms showing a relaxed bug damage limit for high-protein milling wheat, removing a bar to cheaper Black Sea origins like Russian wheat, traders have said.
But high current prices in Russia, which already dominates the market in North Africa's other major wheat importer Egypt, is seen limiting its immediate ambitions in Algeria.
France has long feared Russian ambitions to export wheat to Algeria, which could also cut Algiers' heavy import costs. France ships about 5 million tonnes of wheat per season to Algeria, its main export destination, or around 40% of its exports outside the EU.
Russian prices have soared in the past few weeks on brisk exports and slow selling by farmers, while the government has reiterated it will consider an export cap.
'For this season it won't change things much,' said Nathan Cordier of consultancy Agritel.
'But the fact is in future French wheat won't be able to get away with a big price spread against Black Sea origins.'
International firms may use this season as a test run to offer limited quantities of Russian and Ukrainian wheat, before expanding volumes next season when they may also be joined by Russian companies that have been invited to register with OAIC, traders and analysts said.
France is already experiencing a slump in sales to Algeria this season due to a poor harvest and, unusually, will ship no wheat there this month, giving way to Baltic Sea origins.
French exporters group Synacomex estimated France should retain 60% market share in Algeria against Black Sea competition when it has a decent harvest. But that would still be down from 90% in some years, or a 1-2 million tonne drop in volumes.
Some French traders see hopeful signs in a recovery in French sales to West Africa and a flurry of shipments to China that could see the Asian country overtake Algeria as French wheat's biggest destination this season.
'We are going to have stop thinking the Algerian market is ours and find alternative outlets,' one French trader said.
agriculture