Algeria purchased an estimated volume of milling wheat between 720,000 and 750,000 tonnes.
Purchase prices were still put at $382.50 to $384 a tonne c&f, in line with initial reports following Tuesday’s tender.
The big news is around 270,000 tonnes of OAIC ‘s purchase were expected to be sourced from Russia.
Algeria has been the main export market for EuropeanUnion wheat, particularly France.
However, French wheat was not expected to claim any sales in this week’s tender.
Poland, Germany and Argentina are seen as likely to be among the other origins supplied for the new purchase.
Algeria does not release results of its tenders.
The origin of the wheat bought by OAIC is at the seller’s option, which means the supply countries can be uncertain until loading.
The wheat was sought for shipment in three periods: in 2021 between Dec. 16-31, and in 2022 between Jan. 1-15 and Jan. 16-31.
If sourced from SouthAmerica or Australia, shipment is one month earlier.
