Algeria tenders to buy nominal 50,000 T soft milling wheat, traders say


HAMBURG, March 3 (Reuters) - Algeria's state grains agency OAIC has issued an international tender to buy soft milling wheat to be sourced from optional origins, European traders said on Sunday.

The tender sought a nominal 50,000 metric tons but Algeria often buys considerably more in its tenders than the nominal volume sought.

The deadline for submission of price offers in the tender is Tuesday, March 5, with offers having to remain valid until Wednesday, March 6.

The wheat is sought for shipment in 2024 in two periods from the main supply regions including Europe: June 1-15 and June 16-30. If sourced from South America or Australia, shipment is one month earlier.

Algeria is a vital customer for wheat from the European Union, especially France, but Russian exporters have been expanding strongly in the Algerian market.

(Reporting by Michael Hogan)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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