AIRLINK 172.79 Decreased By ▼ -2.94 (-1.67%)
BOP 13.29 Increased By ▲ 0.17 (1.3%)
CNERGY 7.41 Decreased By ▼ -0.13 (-1.72%)
FCCL 43.35 Decreased By ▼ -0.56 (-1.28%)
FFL 14.89 Decreased By ▼ -0.12 (-0.8%)
FLYNG 26.45 Decreased By ▼ -0.45 (-1.67%)
HUBC 129.70 Decreased By ▼ -0.53 (-0.41%)
HUMNL 13.25 Decreased By ▼ -0.09 (-0.67%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.01 Decreased By ▼ -0.05 (-0.83%)
MLCF 55.50 Decreased By ▼ -0.53 (-0.95%)
OGDC 212.15 Decreased By ▼ -2.62 (-1.22%)
PACE 5.91 Decreased By ▼ -0.07 (-1.17%)
PAEL 41.15 Increased By ▲ 0.25 (0.61%)
PIAHCLA 16.36 Increased By ▲ 0.04 (0.25%)
PIBTL 9.57 Decreased By ▼ -0.18 (-1.85%)
POWER 11.54 Decreased By ▼ -0.22 (-1.87%)
PPL 178.40 Decreased By ▼ -3.08 (-1.7%)
PRL 33.44 Decreased By ▼ -0.78 (-2.28%)
PTC 22.82 Decreased By ▼ -0.24 (-1.04%)
SEARL 94.20 Decreased By ▼ -1.52 (-1.59%)
SILK 1.18 Increased By ▲ 0.04 (3.51%)
SSGC 34.90 Decreased By ▼ -0.55 (-1.55%)
SYM 15.79 Increased By ▲ 0.04 (0.25%)
TELE 7.81 Decreased By ▼ -0.06 (-0.76%)
TPLP 10.80 Decreased By ▼ -0.18 (-1.64%)
TRG 60.72 Increased By ▲ 0.22 (0.36%)
WAVESAPP 10.76 Decreased By ▼ -0.05 (-0.46%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,035 Decreased By -18.8 (-0.16%)
BR30 36,355 Decreased By -112 (-0.31%)
KSE100 113,734 Decreased By -622.6 (-0.54%)
KSE30 35,061 Decreased By -286.1 (-0.81%)
Markets

Algeria buys small volume of milling wheat in tender

  • The tender sought shipment from main supply regions such as the European Union between March 21-31 and during the whole of April.
Published February 17, 2021

HAMBURG/PARIS: Algeria's state grains agency OAIC has purchased a small volume of optional-origin milling wheat in an international tender which closed on Tuesday, European traders said in initial assessments on Wednesday.

Estimates of volumes bought ranged from 30,000 tonnes to 60,000 tonnes.

Traders said the unusual requirement to unload at only two relatively small Algerian ports using smaller than usual ships had restricted volumes which could in reality be bought in the tender.

Initial estimates of purchase price were around $320 to $321 a tonne c&f, traders said. More detailed assessments of prices and tonnes bought are still possible later.

The wheat bought was thought likely to be sourced from France.

"The requirement to ship to two minor ports made the shipping difficult and expensive as smaller vessels would have to be used," one German trader said.

"For me, it was more a technical tender with the focus on shipping costs."

The tender sought shipment from main supply regions such as the European Union between March 21-31 and during the whole of April.

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

In its previous wheat tender in late January, OAIC bought just over 600,000 tonnes, with shipment in March if sourced from main supplier regions including the EU.

Comments

Comments are closed.