Algeria buys around 500,000 T wheat from South America and Black Sea Region
Algeria’s state grains agency OAIC has purchased between 500,000 to 570,000 tonnes of milling wheat expected to be sourced mainly from South America and the Black Sea region in an international tender on Friday, European traders said.
No sales of French wheat were reported. The tender had closed on Thursday but had been postponed while Algerian authorities debated whether to accept French wheat, traders said.
Traders said they expected the wheat bought on Friday to be mainly sourced from origins including Romania, Bulgaria, Ukraine and Argentina. Some German sales were also spoken of.
“I think it is pretty clear Algeria was seeking alternatives to French wheat but Russian is too expensive because of export taxes,” one trader said.
Diplomatic tensions between Paris and Algiers in recent months appeared to have reinforced a push by OAIC to diversify its wheat sources away from France, traditionally its leading supplier, according to traders.
Estimates of purchase prices were still around $348 to $350 a tonne c&f, traders said. More detailed assessments of prices and tonnage bought are possible later.
Algeria does not release results of its tenders and reports are based on trade estimates.
The current tender sought wheat for shipment in two periods – March 1-15 and March 16-31 – from the main supply regions including Europe. If sourced from South America or Australia, shipment is one month earlier.
Over 18 million tons of Ukrainian grain was exported
Ukraine. 40% of corn remains unharvested in the fields
Grain markets remain affected by rainfall in Brazil, drought in Argentina and harv...
Ціни на олійні впали на 2,8% після рішення США про збільшення частки рослинних олі...
Ukrainian agricultural exports are approaching pre-war levels
Write to us
Our manager will contact you soon