Hommam Al Nassim 
European traders confirmed that the Algerian Professional Grain Office had purchased about 800,000 tons of soft milling wheat in an international tender that closed last Tuesday.
Traders added that the purchase price ranged between $279 and $279.50 per ton, including shipping costs, with reports of purchasing quantities at $280 per ton during the first half of August.
Although initial estimates indicated the purchase of 600 thousand tons, most commercial estimates reported that Algeria purchased about 800 thousand tons.
Last month, Algeria requested to purchase a nominal quantity of 50,000 tons but purchases in Algerian tenders often exceed the required nominal volume by far.
Wheat is scheduled to be shipped in 2024 in two periods from the main supply regions, including Europe, from the first of July until the middle of the month and from July 16 to 31. If the origin is from South America or Australia, the shipment will take place one month before that.
Algeria is an important buyer of wheat from the European Union, especially France, but Russian exporters are aggressively expanding in the Algerian market.
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