Algeria secures 600,000T of milling wheat in international tender

October 23, most traders converged on an estimate of 600,000 tons, though some individual assessments cited 580,000 tons. The entire purchase was reportedly secured at a price of US$258.50 per ton, cost and freight (c&f) included, consistent with estimates provided on Wednesday. Traders suspect that the majority of the wheat will be sourced from the Black Sea region, with likely origins including Romania, Bulgaria, and Ukraine. While the tender allows for optional origins, Argentine wheat, noted for its competitive pricing, was mentioned as a potential source. However, traders noted that November/December shipment timelines may be too early for Argentina’s new crop. The wheat is scheduled for shipment in two periods from primary supply regions, including Europe: December 1–15 and December 16–31. For supplies from South America or Australia, shipments are expected one month earlier, between November 1–15 and November 16–30. Further estimates of prices and volumes may emerge as ...