Algeria buys about 500,000 tons wheat in tender, traders say

initial estimates ranged from 460,000 to around 500,000 metric tons. Most traders said about 500,000 tons but some estimates on Tuesday evening went as high as 600,000 to 690,000 tons. The purchase is optional origin but was expected to be substantially sourced from the Black Sea region including Ukraine, Romania, Bulgaria and other countries, traders said. Reports reflect assessments from traders and further estimates of prices and volumes are still expected later. The wheat was sought for shipment in two periods from the main supply regions including Europe: November 1-15 and November 16-30. If sourced from South America or Australia, shipment is one month earlier. In its previous wheat tender reported on July 15, the OAIC bought about 1 million tons at $253 to $257 c&f a ton. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a multi-functional online ...