Algeria's OAIC buys up to 350k mt of durum wheat

Algeria's state grain importer has booked at least 350,000 mt of durum wheat in a tender for February-March shipment, trade sources said on Thursday.

The Office Algerien Interprofessional des Cereales (OAIC) has bought at least 350,000 mt of durum, paying around $450-455/mt CFR for panamax vessels and around $470/mt CFR for handysize parcels.

The biggest volumes are expected to be sourced mainly from Canada, but at least one cargo each is expected to be of Australian and Mexican origin.

The cargo is set to be shipped between February 1-15, February 16-29, and March 1-15, March 16-31.

In its previous tender, which closed December 6, OAIC booked up to 475,000-500,000 mt of durum for January-February shipment, paying in the range of $455/mt to $470/mt CFR, depending on origin.

For more information on Algerian buying, please see our Tender Dashboard.