Algeria buys about 400,000 tons durum wheat in tender, traders say

HAMBURG: Algeria’s state grains agency OAIC is believed to have purchased about 400,000 metric tons of durum wheat in an international tender which closed on Wednesday, European traders said on Thursday. The tender sought a nominal 50,000 metric tons but Algeria frequently purchases more than the volumes initially sought. Initial estimates of the purchase price were around $324 a ton cost and freight (c&f) included for larger Panamax shipments and around $334 a ton c&f for smaller Handymax shipments.

Raccontata daarabnews.com