Algeria buys durum wheat after talks on Wednesday, traders say

Algeria’s state grains agency OAIC is believed to have purchased a small additional volume of durum wheat in negotiations in an international tender which continued on Wednesday, European traders said. The tender had closed on Tuesday with some initial purchases reported. Traders said negotiations had continued on Wednesday with one or two more small handysize shipments purchased. It was unclear how many tons were bought in the two days of the tender talks. But initial trader estimates were of a relatively small purchase of 160,000 to 180,000 metric tons. Prices on Wednesday were unclear but said to be different from handysized prices paid on Tuesday. Traders suspected the Wednesday purchases could involve either Canada western amber durum (CWAD), U.S. or Australian origins. Purchases reported late on Tuesday of around $348 cost and freight (c&f) included for larger Panamax shipments with about three to four shiploads purchased, and around $360 a ton c&f for smaller handysize ...