Breaking News
finance & economy

Algeria buys milling wheat

January 24, 2021

HAMBURG/PARIS: Algeria’s state grains agency OAIC has purchased optional-origin milling wheat in an international tender which closed on Wednesday, European traders said in initial assessments.

Estimates of the purchase price were around $312 and $314 a tonne c&f, traders said. Other estimates were between $313.50 to $314 a tonne c&f. More detailed assessments of prices are expected later.

Estimates of volumes bought ranged between 330,000 tonnes to 390,000 tonnes with more details also expected later.

The wheat was sought for shipment from the main supply countries between Feb. 14 to Feb. 28. If sourced from South America or Australia, shipment is between Feb. 1 and Feb. 15, they said.

Algeria does not release the results of its tenders and reports are based on trade estimates.