Algeria's state grain purchaser OAIC yesterday purchased around 150,000 tonnes of optional wheat millet wheat at $ 225 to $ 226 / tonne c & f as part of an international tender process. Traders expected in advance with a significantly larger amount. Wheat from France has the best chance after Argentina's competitiveness has recently dropped. The monthly import requirement of Algeria is 450,000 to 500,000 tons. Also in the May tender, 340,000 tonnes less wheat was purchased than expected. However, cumulative wheat imports in the current season are above those of the previous year. However, there is the question of whether in the current marketing year 2017/18 (July to June) is still a tender or whether the stock into the new season 2018/19 enough. The new harvest will be available from July depending on the harvest rate.
