Algeria’s state grains agency OAIC bought 175,000 tonnes of optional-origin durum wheat for shipment in July in a tender earlier this week, European traders said on Friday. The price paid was around $370 a tonne, including cost and freight, traders said, adding this suggested the durum would be sourced from Mexico.
In a separate tender on Thursday on a public holiday in much of Europe, OAIC bought at least 150,000 tonnes of milling wheat at around $300 a tonne, cost and freight, also for July shipment, traders said. Some traders said the volume purchased was as much as 350,000 tonnes. French wheat was thought to be the most likely origin chosen, depending on the timing of the harvest in France, traders added.
