Wheat

Algeria’s purchases are optional origin ‍but traders suspected the wheat could be sourced from Argentina, ​which is currently offering very low prices from its large new crop.

Domestic output typically covers less than 20% of national demand, leaving millers heavily exposed to global markets and external suppliers.

Projected annual output is expected to reach up to 12 million litres of hydrated ethanol.

Farmers attribute the declinene to increase in input prices, lack of financing, and the collapse of irrigation systems.

The purchase involved hard wheat with 12.5% protein content.