Algeria buys durum wheat in tender, traders say

HAMBURG, Nov 19 (Reuters) – Algeria’s state grains agency OAIC is believed to have purchased durum wheat in an international tender which closed on Tuesday, European traders said.

The volume bought was unclear.

Initial estimates of the purchase price were around $348 a ton cost and freight (c&f) included for larger Panamax shipments with about three to four Panamax shiploads purchased, and around $360 a ton c&f for smaller Handymax shipments.

Part of both purchases was believed to involve Canadian-origin of type Canada western amber durum (CWAD) durum, traders said.

Negotiations were expected to continue on Wednesday about more Handymax purchases, they said.

The tender had sought a nominal 50,000 tons for shipment in four periods in 2025: Jan. 1-15, Jan. 16-31, Feb. 1-15 and Feb. 16-28.

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 possible later. (Reporting by Michael Hogan)

(c) Copyright Thomson Reuters 2024. Click For Restrictions – https://agency.reuters.com/en/copyright.html