OAIC Procures 700,000-Ton Soft Wheat Consignment
Algeria's Office Algérien Interprofessionnel des Céréales (OAIC) has successfully acquired over 700,000 tons of soft wheat through an international tender, securing a vital supply for national milling needs. This purchase reinforces the country's food security.
Algeria, through its Office Algérien Interprofessionnel des Céréales (OAIC), has successfully purchased over 700,000 tons of soft wheat intended for milling. The acquisition was finalized following an international tender that concluded on Wednesday, November 11. This substantial procurement ensures the supply of a key staple commodity for the nation.
The estimated purchase price for this latest tender stands at approximately $313 per tonne, including cost and freight (C&F). This figure, based on indications from European traders reported by Reuters, represents a favorable acquisition compared to a previous tender reported on October 13, where approximately 600,000 tons were secured at prices ranging from $326 to $326.50 per tonne C&F. Traders indicated that Algeria reportedly reached its desired tonnage, with some unable to make sales despite competitive offers.
While the origins of the wheat are at Algeria's discretion, traders anticipate Argentine wheat to be a significant source, benefiting from cheap offers associated with its new harvest. Additionally, supplies from Romania, Bulgaria, and the Baltic Sea region are expected to be part of the deliveries. The wheat is scheduled for shipment in two periods in January 2027, from the 1st to the 15th and from the 16th to the 31st, for origins in regions such as Europe. Shipments from South America, India, or Australia would occur one month earlier.
