Algeria buys about 400,000 tons durum wheat in tender, traders say

Algeria’s state grains agency OAIC is believed to have purchased about 400,000 metric tons of durum wheat in an international tender which closed on Wednesday, European traders said on Thursday. (AFP/File)

• The tender sought a nominal 50,000 metric tons but Algeria frequently purchases more than the volumes initially sought.
• Algeria does not disclose the results of its tenders

HAMBURG: Algeria’s state grains agency OAIC is believed to have purchased about 400,000 metric tons of durum wheat in an international tender which closed on Wednesday, European traders said on Thursday.
The tender sought a nominal 50,000 metric tons but Algeria frequently purchases more than the volumes initially sought.
Initial estimates of the purchase price were around $324 a ton cost and freight (c&f) included for larger Panamax shipments and around $334 a ton c&f for smaller Handymax shipments.
About 90,000 tons of the purchase was believed to involve US-origin durum with much of the rest believed to involve Canadian-origin of type 3 Canada western amber durum (No.3 CWAD).
The tender sought shipment in four periods: November 1-15, November 16-30, December 1-15 and December 16-31.
Algeria does not disclose the results of its tenders and results reported are based on trader assessments. More detailed estimates of prices and volume are possible later.