Algeria buys around 540,000 tonnes wheat in tender

• Some traders said more had been purchased, but more details are expected later on Tuesday.
• The wheat was sought for shipment in two periods from the main supply countries, April 1-15 and April 16-30.

PARIS: Algeria's state grains agency OAIC has purchased a around 540,000 tonnes of milling wheat in an international tender which closed on Monday, European traders said on Tuesday.

Some traders said more had been purchased, but more details are expected later on Tuesday.

First assessments put prices paid at about $237.50 and $237.75 a tonne c&f. More detailed figures are also expected later.

Algeria does not disclose the results of its tenders and purchase reports are based on trade assessments.

The wheat was sought for shipment in two periods from the main supply countries, April 1-15 and April 16-30. If sourced from South America, shipment is between March 1-15 and March 16-31.

In its last reported tender on Jan. 22, the OAIC purchased around 400,000 tonnes of milling wheat at about $245 a tonne c&f.