European traders reported on Monday that Algeria's state grain agency OAIC had issued an international tender for the purchase of soft milling wheat from origins other than Algeria.

Algeria usually buys more than 50,000 tons in their tenders.

The deadline to submit price offers for the tender is on Wednesday, October 22. Offers must remain valid until Thursday October 23.

Wheat is shipped in two phases from the main regions of supply, including Europe: between December 1-15 and 16-31. The shipment date is one month earlier if the wheat comes from South America or Australia.

Algeria is an important customer of wheat imported from the European Union and France. However, Russian exporters as well as those from other Black Sea regions have seen a strong expansion on the Algerian market. The OAIC purchased about 500,000 tonnes of soft wheat in its last tender, which was reported on September 23. This wheat is expected to come mainly from the Black Sea Region.

(source: Reuters)