Financial and Banking News


Algeria Purchases US and EEC Wheat at Competitive Prices 

Algeria has agreed to purchase 500,000 tons of wheat from the US under the Bonus Incentive Commodity Export Program (Bicep) launched by the US Agriculture Department last June. The amount, half of that originally offered by Bicep, consists of 300,000 tons of soft wheat, the price of which has been brought down by between $40 and $54 a ton to $103/ton, and $200,000 tons of hard wheat with an...