It is believed that the Algerian Professional Office of Cereals purchased between 660,000 and 720,000 tons of milling wheat in an international tender that closed on Tuesday, at prices ranging from $326 to $326.50 per ton, including cost and freight, according to updated information reported by Reuters on Wednesday from European traders. This quantity exceeds initial estimates released on Tuesday evening, when traders anticipated Algeria would purchase around 600,000 tons, while the announced quantities and prices remain estimates subject to update as additional information comes from the market. View the full content on Echourouk Online.
Oil prices rose at settlement yesterday, Wednesday. Brent crude futures increased by 37 cents or 0.35% to reach $106.06 per barrel at settlement. West Texas Intermediate crude contracts rose by 95 cents or 1.01% to reach $95.09 per barrel.
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During the CREA forum, President Tebboune reaffirms the state's support for businesses and praises the growth of GDP outside hydrocarbons
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The president of CREA, Kamel Moula, praises post-Covid economic diversification, aims for 4% growth, and calls for a fight against fraud.
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