?European Traders reported that Algeria's state grain agency OAIC bought a?milling?wheat in an international tender? which closed?? on Tuesday.

They said that the initial cost of a metric tonne, including freight and costs, was $257, $259, and $260.

Initially, the size of the purchase was not clear in terms of tonnage. Algerian purchases are of?optional origin, but traders anticipated that the Black Sea region would?provide a significant source?for a portion of the purchase.

Wheat was requested for shipment from three main supply regions, including Europe: April 16, May 1, and May 16-31. When sourced from South America, Australia or New Zealand, the shipment will be a month earlier.

The reports are based on?traders' assessments and more estimates of volumes and prices may be possible later. Algeria purchased around 600,000 tons of milling wheat at a price of $254 per ton c&f in its previous tender.

(source: Reuters)