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.
The MoU aligns with broader industry efforts to localise sourcing and reduce exposure to supply disruptions.
Favorable La Niña weather conditions in South Africa brought normal to above-normal rainfall during the corn planting period during October to December, leading to projected production of 16 million tonnes.
TMO’s intervention reflects broader efforts to balance domestic price dynamics with international competitiveness.
While prices rose by an average of 6% in December 2025 due to a resurgence in demand from Southeast Asia and China, Osiriz points out that by early January 2026, global prices were stable.