Friday, 24 July 2015 18:11
PARIS/HAMBURG: Algeria’s state grains agency OAIC purchased about 300,000 tonnes of durum wheat seen likely to be sourced from Mexico and France in a tender for a nominal 50,000 tonnes which closed on Wednesday, European traders said on Friday.
The purchase comprised about 200,000 tonnes from Mexico and 100,000 tonnes from France bought at approximately $ 420 a tonne c&f, they said.
One trader said the purchase reflected about two months of the country’s requirement and that some of the grain could be for November shipment.
The OAIC does not publish details of its grain tenders and results reported by traders are estimates.