HAMBURG, GERMANY – Algeria’s state grains agency OAIC has issued an international tender to buying willing wheat to be sourced from optimal origins, European traders told Reuters on Oct. 21.
The traders told Reuters that the tender sought at least 50,000 tonnes but the country often buys more in its tenders than the nominal volume sought.
The tender deadline is believed to be Oct. 22, according to Reuters.
In its last reported tender on Sept. 18, the OAIC bought up to 60,000 tonnes of wheat for shipment in November. Algeria did buy any wheat to be delivered in October, which caused concern among wheat exporters, according to Reuters.
Algeria is forecast to import 7 million tonnes of wheat in 2019-20, according to the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service. The country imported 7.5 million tonnes in 2018-19 and 8.1 million in 2017-18, according to the USDA.