Algeria buys 600,000 tons of wheat

Algeria's state grain buyer, OAIC, has bought 600,000 tonnes of wheat of optional origin, according to European traders, under an international tender process that ended yesterday.
First trade estimates on Thursday put the purchase at around 500,000 tons, further details could become known in the coming days. Most of the wheat was bought for around $ 274.50 per ton, including cost and freight (c & f), traders report. Traders view the prices in Thursday's tender as aggressively low.
The tender for the delivery period is January 1 to 15 and January 16 to 31, 2021. If wheat from South America is accepted, it will be shipped between December 1 to 15 and December 16 to 31, 2020 .
Algeria does not publish the results of its tenders and the reports are based on trade estimates.
Traders believe that most of the wheat they buy comes from the European Union, especially France, although deliveries from Germany and Poland are also possible.
Black Sea wheat and Argentine wheat were too expensive in the tender and export deliveries from the Baltic states such as Lithuania are becoming increasingly scarce after very large export deliveries in recent months, said a trader.
It looks like Black Sea wheat is still waiting to gain a foothold in Algeria, it said. In September, OAIC changed the quality standards for wheat purchases to allow Russia and other Black Sea wheat suppliers to make wheat offers.
The OAIC introduced a higher limit for insect damage in protein-rich wheat, removing a long-standing barrier for black sea wheat.
In the last wheat tender on October 22nd, the OAIC bought around 700,000 tons of wheat for $ 275 to $ 276 per ton of c & f. EU wheat was probably also delivered, despite the new option of offering Black Sea wheat.

Hansa Terminhandel GmbH
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