|14 February, 2020

Algeria bought about 35,000 tonnes corn in tender -trade

The corn was thought likely to be sourced from the European Union or Ukraine.

Image used for illustrative purpose. A workers empties a sack of corn kernels at the Agricultural Produce Market Committee (APMC) market yard on the outskirts of Ahmedabad, India, August 31, 2016.

Image used for illustrative purpose. A workers empties a sack of corn kernels at the Agricultural Produce Market Committee (APMC) market yard on the outskirts of Ahmedabad, India, August 31, 2016.

REUTERS/Amit Dave

HAMBURG  - Algerian state agency ONAB purchased about 35,000 tonnes of corn to be sourced from optional origins in a tender which closed on Thursday, European traders said on Friday.

The corn was thought likely to be sourced from the European Union or Ukraine.

Offers in the tender ranged between $194.75 a tonne c&f and $201 a tonne c&f, with the purchase said to have been made close to the $194.75 a tonne c&f level.

Shipment was sought in the second half of March.

(Reporting by Michael Hogan) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))

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