Russia, one of the world's largest wheat exporters, sent 28,000 tonnes of wheat to Algeria - the first such shipment in more than four years - earlier this week.
Traders are also waiting to see how the Russian cargo will be accepted by Algeria.
Russia, one of the world's largest wheat exporters, has been lobbying for access to the Algerian market, one of the few major importers to which it had no access until recently.
The central bank has already raised its economic growth projection from earlier forecasts based on a predicted cereals harvest of 9.5 million tonnes, well up from 3.2 million tonnes last year.
"Cereals output is expected to exceed 10 million tonnes this season, which means less imports," he said.
The feed wheat was purchased in two 65,000 tonne consignments at an estimated $282.86 a tonne c&f for arrival in South Korea around Aug. 24 and at $275.14 a tonne c&f for arrival in South Korea around Sept. 24.
If the August arrival consignment is sourced from the US Pacific Northwest coast, Australia or Canada, shipment is sought between July 21 and Aug. 9.
Wheat cargo was handled in an environmentally friendly manner. According to the spokesperson, KPT became the first Pakistani port to handle such a large quantity in an environmentally friendly manner.