Algeria buys durum wheat in international tender – traders
HAMBURG, Jan 10 (Reuters) – Algeria’s state grains agency OAIC is believed to have purchased durum wheat in an international tender which closed on Wednesday, European traders said.
The tonnage bought was unclear. The tender sought a nominal 50,000 metric tons.
Traders initially estimated prices at around $450 a ton c&f for larger panamax shipments and about $463 to $465 a ton c&f for smaller handymax shipments.
The purchase was said to largely involve Canadian durum with some Mexican and Australian.
Algeria does not disclose the results of its tenders, reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
Shipment was sought in four periods: Feb. 1-15, Feb. 16-29, March 1-15 and March 16-31.
Tunisia on Wednesday also bought 50,000 tons of durum in a tender at $446.97 and $448.73 a ton c&f.
