Algeria’s state grains agency OAIC has bought an unknown volume (50,000-100,000 MT) of milling wheat in an international tender which closed on Tuesday, August 30, and was limited to shipment to two Algerian ports.

Algeria is thought to have purchased russian wheat as its values have dropped significantly over the past two weeks.

The wheat was bought at around 364-365 $/mt c&f for shipment in four periods from the main supply regions including Europe: September 21-30, October 1-10, October 11-20 and October 21-31