Algeria buys milling wheat in tender, traders say

Reuters
Algeria’s state grains agency OAIC has bought milling wheat in an international tender which closed on Tuesday, European traders said. (AFP/File)
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  • The size of the purchase in tonnage terms was not initially clear
  • The wheat was sought for shipment in two periods from the main supply regions

HAMBURG/PARIS: Algeria’s state grains agency OAIC has bought milling wheat in an international tender which closed on Tuesday, European traders said.
Purchases were initially reported at around $259 to $260 a metric ton cost and freight (c&f) included, they said.
The size of the purchase in tonnage terms was not initially clear.
Reports reflect assessments from traders and further estimates of prices and volumes are still expected later.
The wheat was sought for shipment in two periods from the main supply regions including Europe: November 1-15 and November 16-30. If sourced from South America or Australia, shipment is one month earlier.

Topics: Algeria wheat