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Algeria Buys 700,000 Tons of Optional-Origin Wheat, Agritel Says

Feb. 10 (Bloomberg) -- Algeria bought 700,000 metric tons of optional-origin soft wheat for loading in April and May at prices between $300 and $303 a ton on the basis of cost and freight, Paris-based farm adviser Agritel wrote in a report on its website, without saying where it got the information.

The proposed prices suggest a “good” part of the order may be filled by European wheat, Agritel said. Algeria had initially tendered for 100,000 tons of wheat, according to the farm adviser.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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