Algeria

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.

Overall, the announced budget represents a 4% increase compared to the allocation in the 2025 Finance Bill.

Algeria is the second-largest importer of food in Africa after Egypt, and its dependence has deepened amid years of drought that have crippled agricultural productivity.

This volume aligns with the higher end of initial trader estimates, which ranged between 500,000 and 600,000 tons.

The volume represents one of Algeria’s largest recent purchases and underscores the country’s growing demand for milling wheat