Algeria said to have bought about 300,000 T wheat, mainly Russian

Algeria’s state grains agency OAIC is believed to have bought about 300,000 tonnes of milling wheat in an international tender which closed on Thursday, European traders said.

The purchase was expected to be largely sourced from Russia, although technically supplies are optional origin, they said.

Talks had continued on Friday but it was unclear if more had been bought. Most traders on Friday estimated the tonnage bought at about 300,000 tonnes, above most earlier assessments of 150,000 to 200,00 tonnes.

Tags: tender, Algeria, wheat, Russia