Algeria buys milling wheat in tender - traders

Initial estimates of purchase price were around $320 to $323 a tonne

  
Workers pour wheat into a truck during harvest in a field on the outskirts of Berouaguia, southwest of Algiers July 15, 2013. Image used for illustrative purpose.

Workers pour wheat into a truck during harvest in a field on the outskirts of Berouaguia, southwest of Algiers July 15, 2013. Image used for illustrative purpose.

REUTERS/Ramzi Boudina

HAMBURG/PARIS - Algeria’s state grains agency OAIC has purchased around 300,000 tonnes of optional-origin milling wheat in an international tender which closed on Monday, European traders said in assessments on Wednesday.

Some traders put the total at about 360,000 tonnes.

Estimates of purchase prices were $320, $321.75 and $323 a tonne c&f, traders said.

More detailed assessments of prices and tonnage bought are still possible later.

The wheat was sought for shipment in two periods from the main supply regions, including Europe: Sept. 1-15 and Sept. 16-30. If sourced from South America or Australia, shipment is between Aug. 1-15 and Aug. 16-31.

Algeria does not release results of its tenders and reports are based on trade estimates.

(Reporting by Michael Hogan in Hamburg and Gus Trompiz in Paris, editing by Jane Merriman) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))


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