Algeria purchased 630,000 tons of Black Sea wheat at the tender

2024-08-12 10:12:21
Machine translation
Algeria purchased 630,000 tons of Black Sea wheat at the tender

The Algerian state agency OAIC bought about 630,000 tons of flour wheat at a tender last week at a price of $250.5-252/t C&F, Reuters reports with reference to traders from the EU.

 

According to the terms of the tender, shipments of wheat from the main supply regions, including Europe, will take place in October, and from South America or Australia - in September.

 

Algeria does not disclose the details of the tender, so the final data on volumes and prices may change. Market participants believe that the low price may indicate the purchase of wheat from the Russian Federation or other Black Sea countries.

 

Algeria is among the top five buyers of Russian wheat. In 2023/24 MR, it imported about 2.3 million tons of wheat.

 

We will remind that at the previous tender on July 18, Algeria purchased 700-750 thousand tons of wheat, presumably of Ukrainian, Russian and Bulgarian origin, at a price of $241-244/t C&F.

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