UK wheat exports to Algeria set to reach 100,000 T
LONDON, April 16 (Reuters) - UK wheat exports to Algeria look set to reach 100,000 tonnes in the July 2011 to June 2012 season, with a third 25,000 tonne cargo being loaded on Monday and a fourth expected to be shipped next month, trade sources said.
The sources said the latest cargo was being loaded at a port in south-east England, following the loading last week of 25,000 tonnes from the more northerly port of Immingham in eastern England.
A fourth cargo is expected to be shipped next month, the sources added.
Shipments of UK wheat to Algeria totalled just 23,750 tonnes during the entire 2010/11 season, while there were no exports to the North African country during 2009/10, customs data showed.
Customs data confirmed the first shipment this season of 24,876 tonnes was shipped to Algeria in November 2011.
All the wheat was booked some time ago, while there appears to be little scope at present for further sales, trade sources said.
"If they (exporters) were doing it today as fresh business, it wouldn't come from the UK as we are not competitive," one UK trade source said. (Reporting by Nigel Hunt, editing by Jane Baird)
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