Algeria secures over 700,000 tonnes of wheat at lower prices

The Algerian Interprofessional Office of Cereals (OAIC) has closed a tender initiated on November 9th, resulting in the purchase of over 700,000 tonnes of milling wheat. The procurement price stands at approximately 313 dollars per tonne (cost and freight), representing a decrease compared to the previous purchase in October. With this latest transaction, the total volume of imported soft wheat for the current year exceeds 5.3 million tonnes. Market traders suggest that a significant portion of the shipment is likely sourced from Argentina due to their competitive new harvest, with Romania and Bulgaria also identified as potential suppliers. Deliveries are scheduled throughout January 2027, with arrival timelines varying based on the origin of the vessels. These imports are necessary to sustain the high domestic demand for bread and flour, even as the country expects a record-breaking domestic cereal production this season.