Feb 22 β€’ 16:51 UTC πŸ‡ΆπŸ‡¦ Qatar Al Jazeera

Algeria issues tender to purchase 50,000 tons of soft wheat

Algeria has issued an international tender for the purchase of 50,000 tons of soft wheat, typically expecting to acquire larger quantities.

Algeria's government grain agency has announced an international tender for the purchase of 50,000 tons of soft wheat from optional origins. European traders reported that this announcement comes amid a growing dependence on European wheat, traditionally sourced from France, as well as an increasing presence from Russian and Black Sea exporters in the Algerian market. The final deadline for submissions to the tender is set for February 24, with bids remaining valid until the next day.

The tender specifies three shipping periods, including the timeframe for shipments from Europe and other regions. Notably, if the wheat source is South America or Australia, shipments are required to take place one month in advance. While Algeria typically demands larger quantities than those initially stated in tenders, this move highlights Algeria's significant role as a major client in the wheat trade, balancing between traditional suppliers and emerging markets.

The recent increase in Russian wheat exports to Algeria has been influenced by diplomatic tensions and changing global trade dynamics, leading Algeria to diversify its grain supply sources. This tender not only reflects Algeria's ongoing agricultural needs but also illustrates the shifting landscape of global wheat supply, which could have implications for both suppliers and consumer countries over the coming months.

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