Algeria's State Grain Agency Purchases Durum Wheat Amid Uncertain Tonnage
Algeria's state grain agency, OAIC, has reportedly purchased durum wheat at an international auction, according to European traders. The exact tonnage of the purchase remains uncertain, but estimates suggest several hundred thousand tonnes were acquired. Algeria typically buys more than the nominal amount requested in tenders, which is usually over 50,000 metric tonnes. The purchase price for large panamax shipments was initially estimated at $327 per ton, cost and freight, with some prices reported above this level. Smaller handymax shipments were priced between $332.50 and $334 per ton, cost and freight. Shipping is scheduled for three periods: May 16-31, June 1-15, and June 16-30. Algeria does not disclose bid results, so these figures are based on traders' assessments. 
