Economy

Algeria Launches International Tender for Wheat Flour Acquisition

Story Highlights
  • Algeria's Professional Grain Office has issued an international tender for wheat flour.
  • The tender involves two shipping phases: July 1-15 and July 16-31.
  • Algeria is diversifying its wheat supply sources, including imports from South America and Australia.
  • In March, Algeria purchased approximately 700,000 tons of wheat at $272 per ton.

Algeria Launches International Tender for Wheat Flour Acquisition

Algeria’s Professional Grain Office has officially announced an international tender for the purchase of wheat flour, as reported by sources from European traders. This tender will be conducted in two distinct phases: the first phase will span from July 1 to July 15, while the second phase will run from July 16 until the end of July. The primary supply regions for this tender include Europe, with additional imports anticipated from South America, Australia, and India.

Details of the International Tender

Traders have indicated that shipments originating from South America, Australia, or India must be dispatched at least one month prior to the specified deadlines. The tender outlines a nominal quantity of 50,000 tons; however, it is customary for the Professional Grain Office to procure significantly larger volumes than this initial figure, ensuring a robust supply chain for the nation’s wheat needs.

Diversifying Supply Sources and Previous Tender Purchases

As one of the world’s largest importers of wheat, Algeria has historically depended on the European Union, particularly France, for its supplies. In recent years, however, the country has increasingly turned to Russia and other Black Sea nations due to evolving geopolitical circumstances, including strained diplomatic relations with France. This shift has led to a substantial decline in French wheat sales to Algeria since mid-2024.

In the previous tender conducted at the end of March, the Professional Grain Office successfully acquired approximately 700,000 tons of wheat at a price nearing $272 per ton, inclusive of shipping costs. This underscores the significance of international tenders in fulfilling Algeria’s wheat requirements, especially amidst ongoing fluctuations in the global market.

For more information, visit the original article here.

Via
Yemen TV

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button