Algeria buys around 500,000 tonnes of wheat

Algeria's state grains agency OAIC purchased around 500,000 tonnes of milling wheat in an import tender which closed on Tuesday, European traders said on Wednesday.

The prices paid were thought to be between $218 and $218.50 a tonne, cost and freight (c&f) included, the traders said.

OAIC does not publish details of its grain tenders and results reported by traders are estimates.

Most traders put the volume purchased at between 480,000 tonnes and 500,000 tonnes, below some earlier estimates pegging the volume at about 600,000 tonnes.

The wheat was sought for shipment in two periods from the main supply countries, July 16-31 and Aug. 1-15.