Algeria closes durum tender with 240k mt Mexico, Canada purchase

Algeria’s state-backed grains importer has secured up to 240,000 mt of durum wheat after it concluded its latest tender, trade sources have told Agricensus Wednesday.

The tender from Office Algerien Interprofessionnel des Cereales (OAIC) was expected to close on Tuesday, but any indication of traded volumes and prices has only just surfaced.

Early signs suggest that the agency has picked up two 60,000 mt parcels and four 30,000 mt consignments with delivered prices at around $720-725/mt and origins thought to be Mexican and Canadian.

Agricensus could not get confirmation on the identities of the sellers at time of publication.

Traders had been anticipating a tender from the country amid expectations that it had a gap in its durum supply but had favoured European origins as the most likely source of the supply – despite the export season winding down.

The wheat is expected to be shipped in February.

For more information on recent Algerian buying, please see our Tender Dashboard.