Algeria Buys a Quantity of Durum Wheat Despite Tebboune’s Self-Sufficiency Announcement!

Walid Kabir ✍🏼

European traders said today, Thursday, that the Algerian National Office of Cereals purchased a quantity of durum wheat in an international tender that closed yesterday, Wednesday, and the exact quantity purchased has not yet been clarified.

Expected prices range between $328 and $332 per ton, including shipping costs for Panamax-size shipments, and around $340 per ton for Handymax-size shipments.

European traders believe that a portion of the purchases includes Canadian and Turkish origins.

The Algerian National Office of Cereals issued a tender to buy a nominal quantity estimated at 500,000 tons for shipment in four periods: the first from October 1 to 15, the second from October 16 to 31, the third from November 1 to 15, and the fourth from November 16 to 30.

Algeria does not announce the results of the tenders, but reports reflect the assessments of the traders, and other estimates with details on prices and quantities may emerge later.

Algerian President Abdelmadjid Tebboune had announced last June during a Cabinet meeting that Algeria had achieved self-sufficiency in durum wheat, but he did not specify the amount of production, which contrasts with the tender mentioned today by European traders!

Algerian media celebrated this news, describing it as good news!

It is worth noting that the country is one of the largest wheat importers in the world, with a quantity exceeding 9 million tons annually.