Algeria buys large quantity of durum
| 1 min read
By Reuters
Durum wheat. (Gipsa.usda.gov)
Reuters —Algeria’s state grains agency OAIC purchased about 350,000 tonnes of durum wheat for shipment in December and January likely to be sourced from Canada in a tender which closed on Thursday, European traders said on Monday.
The average price paid was just below $330 per tonne, traders said, with one citing the price of $328/t.
OAIC has been in talk to buy additional durum from Mexico but it remained unclear whether any purchase had been made.
The OAIC, which was seeking a nominal 50,000 tonnes of optional-origin durum, does not publish details of its grain tenders and results reported by traders are estimates
