UPDATE 1 — Algeria buys about 600,000 tons of milling wheat in tender, traders say

(Adds estimate of purchase volume around 600,000 tons) HAMBURG/PARIS, Oct 13 (Reuters) — Algeria’s state grains agency OAIC has bought about 600,000 metric tons of milling wheat in an international tender that closed on Tuesday, European traders said. Purchases were initially reported at around $326 and $326.50 a ton cost and freight (c&f) included, they said The size of the initial purchase in tonnage terms was not initially certain but most trade estimates on Tuesday evening were around 600,000 tons Reports reflect assessments from traders and further estimates of prices and volumes are possible later Algeria’s purchases are optional origin, but traders said they expected likely sources to include Baltic Sea region wheat, including Russian supplies shipped from Baltic ports, plus Romanian, Bulgarian and Argentine wheat The wheat was sought for shipment in two periods from Algeria's main supply regions including Europe: December 1-15 and December 16-31. If sourced from South America, India or Australia, shipment is one month earlier The tender took place at a difficult time for importers, with fighting bringing ship-borne Black Sea exports of cheap Russian and Ukrainian wheat to a