HAMBURG/PARIS, March 18 (Reuters) – Algeria’s state grains agency OAIC bought about 150,000 tonnes of durum wheat seen likely from Canada in a tender which closed on Wednesday, European traders said on Friday.
Prices were between US$278 and $280 a tonne C&F for April shipment, some traders said. Another put the prices lower, as low as at $270 to $275 a tonne.
“The other origins such as some Mexican old crop and French were refused due to higher prices of around $285 to $290 a tonne C&F,” one trader said.
It is the second time in three weeks that Algeria has come in the market to buy durum wheat.