Shipment is bound for Algeria.

 

{reg}Gleadell Agriculture reports it is loading 25,000 metric tons of U.K. milling wheat for shipping to Algeria, with another cargo of the same size to be sent next month, reports Bloomberg.

 

Its Managing Director David Sheppard said loading of the Handysize vessel Falcon Trader at grain trader Gleadell’s Immingham terminal on the east coast of England’s Humber Estuary is expected to be completed today, Sheppard said by phone. Another 25,000 tons will be loaded in May, he said.

Gainsborough, Lincolnshire-based Gleadell is a joint venture of Hamburg-based grain trader Alfred C. Toepfer International GmbH and Paris-based cooperative Union InVivo.

“It’s great for farmers because the milling wheat premiums over feed are through the floor,” Sheppard said. /reg}

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