Algeria's OAIC pays $16/mt up for Mar-Feb barley

Algeria’s state grain importer has secured 120,000 mt of feed barley after closing a buy tender for February-March shipment, paying around $16/mt more than it paid at its last barley purchase, trade sources said on Tuesday.

Algeria's state grains importer, Office Algerien Interprofessionnel des Cereales (OAIC), purchased 120,000 mt of barley and paid around $323-324/mt CFR for the February 16-March 15 shipment period.

At its last tender, which closed September 13, OAIC booked 330,000 mt of barley for October loading in a price range of $307-308/mt CFR Algeria.

Currently, global barley supply is already said to be limited in the market, as Ukraine has exported almost all of its export potential while Russian offers are also rare amid a high export tax and an upcoming export quota that is expected to be imposed from February 15.

To learn more about Algeria's tender buying, please refer to our Tender Dashboard.