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Algeria purchases 420,000 to 500,000 tonnes milling wheat in tender

Algeria's state grains agency OAIC has purchased about 420,000 to 500,000 tonnes of optional-origin milling wheat in an international tender which closed on Tuesday, European traders said in assessments on Wednesday.

June 14, 2021

ALGIERS- Algeria’s state grains agency OAIC has purchased about 420,000 to 500,000 tonnes of optional-origin milling wheat in an international tender which closed on Tuesday, European traders said in assessments on Wednesday.

Trader estimates of purchase price were on Wednesday still around $297.50 and $298 a tonne c&f, the same as on Tuesday evening.

The wheat was sought for shipment in two periods from the main supply regions including Europe: Aug. 1-15 and Aug. 16-31. If sourced from South America or Australia, shipment is between July 1-15 and July 16-31.

“I suspect a large proportion of the purchase will be sourced in Germany and other suppliers in the Baltic Sea region,” one German trader said. “I would not bet on France getting a big share.”

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