Algeria buys 100,000 to 150,000 T durum wheat in tender, traders say
The precise volume bought was unclear but initial estimates were of a relatively small purchase of between 100,000 to 150,000 metric tons.
The tender had sought a nominal 50,000 tons. Prices were not available.
Shipment was sought in two periods: April 1-15 and April 16-30.
Algeria was apparently awaiting the new durum crop in Mexico to arrive which importers hope could depress prices in the current tight durum market, they said. Algeria is also expecting Turkey to issue a new durum export tender soon.
Algeria does not disclose the results of its tenders and results reported are based on trader assessments. More detailed estimates of prices and volume are still possible later.
In its last reported durum tender on Jan. 10, Algeria bought supplies from Canada, Mexico and Australia.
Source Link: https://www.nasdaq.com/articles/algeria-buys-100000-to-150000-t-durum-wheat-in-tender-traders-say
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