Algeria purchased 200 thsd tons of wheat
Algerian state-owned company OAIC purchased 200,000 tons of milling wheat of any origin at a tender, Reuters reports.
The wheat purchase prices were not disclosed. Traders believe they were high following the recent sharp rise in wheat export prices. The purchased wheat is likely of Black Sea origin, according to traders.
Bids for the tender closed on March 10. According to the tender terms, shipments will take place to the ports of Mostaganem and Tenes. Shipments are scheduled for the following periods: April 1-15, April 16-30, May 1-15, May 16-31, June 1-15, and June 16-30. For shipments from South America or Australia, the delivery dates are shifted forward by one month.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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