Algeria's state-owned grain purchaser OAIC has bought 480,000 tons of wheat as part of an international tender process, European traders report this morning.
According to unconfirmed reports, at least 480,000 tons of wheat were bought, an estimate is even 600,000 tons.
According to initial estimates, the price is between $ 218 and $ 218.50 / ton c & f. More precise details are expected at a later date. Wheat was searched for the delivery periods 16.-30. June and 1-15 August.
Algeria is a major buyer of wheat from the EU, particularly France. Algeria does not publish the results of its tenders. All statements are estimates from dealers and analysts. At the last call on April 3, no purchase was made due to excessive price demands.
Source
Hansa Terminhandel GmbH
