Algeria tenders to buy milling wheat

HAMBURG: Algeria's state grains agency OAIC has issued an international tender to buy milling wheat to be sourced from optional origins, European traders said on Sunday. The tender sought a nominal 50,000 tonnes but Algeria often buys considerably more in its tenders than the nominal volume sought.

The deadline for submission of price offers in the tender is Tuesday, Sept 28, with offers remaining valid up to Wednesday, Sept 29. The wheat is sought for shipment in two periods from the main supply regions including Europe: Nov. 1-15 and Nov. 16-30. If sourced from South America or Australia, shipment is between Oct. 1-15 and Oct. 16-31. Algeria is a vital customer for wheat from the European Union, especially France.