Algeria buys milling wheat
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Loading... - Adam Alexander
- 16 Feb 2023
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HAMBURG/PARIS: Algeria’s state grains agency OAIC is believed to have bought around 360,000 to 390,000 tonnes of milling wheat in an international tender this week, European traders said on Thursday. Price estimates on Thursday were around the same as earlier assessments, ranging from $329 a tonne cost and freight (c&f) purchased on Tuesday night to around $332 a tonne c&f bought on Wednesday.
Purchasing had started on Tuesday night, then negotiations were suspended and resumed on Wednesday. More estimates of tonnes bought and prices are still possible. Technically supplies are optional origin. Wheat from the Black Sea region, especially from Russia, was expected to be used to supply a large part of the purchase, traders said. Read More…
