Tag: Algeria

Algeria sets up strategy to boost local cereal production, reduc import bill

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ALGERIA – Algeria is implementing a new policy for the agriculture sector aimed to achieve food security, increase domestic production and reduce imports of some expensive commodities, by encouraging local investments. According to the Algerian Customs data, total cereal imports from January to November 2020 increased by 2.65% in value terms compared to the same period in 2019, due mostly to corn. The report indicates an increase in imports as 8.62% rise for corn while wheat declined by 8.6%. In addition, soybean meal imports fell by 34.9% as soybean imports…

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Algeria’s cereals import bill ups 2.46% in Q1 triggered by increase in demand

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ALGERIA – Algeria’s import bill for cereals rose by 2.46 percent in the first quarter of 2020 reaching US$629.50 million compared to US$614.39 million of 2019. The imports included durum and common wheat at US$346.19 million) and corn at (US$223.18 million). Like other countries around the world affected by COVID-19, in the beginning of the crisis, Algerian consumers rushed to purchase staple foods. Subsequently, the government encountered the impact of supply chain disruptions as mills increased their production to meet the increased market demand. The Algerian Office of Cereals (OAIC),…

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Algeria’s cereal import falls 12% as the government gears towards reducing soft wheat imports to 4M tonnes

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ALGERIA – Algeria’s cereal import bill dropped 12% to US$2.1 billion in the nine months to September 30, down from US$2.4 billion in the same period last year. Algeria, one of the world’s biggest grain importers, has been trying to cut expenditure on purchases of cereals and other goods after a fall in energy earnings. The government in November decided to reduce its soft wheat imports to 4 million tonnes a year, from the current 6.2 million tonnes through its costly subsidized bread programme. The move is designed to “preserve…

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Algeria tenders for milling wheat imports to boost domestic reserves

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ALGERIA – OAIC, Algeria’s state grains agency issued an international tender to buying wheat sourced from optimal origins, European traders whose deadline was 22nd October 2019, reports Reuters. According to the tender, the agency sought at least 50,000 tonnes but the country often buys more in its tenders than the nominal volume sought. The wheat is set for shipment in two periods, Dec. 1-15 2019 and Dec. 16-312019. If sourced from South Africa, shipment is between Nov. 1-15 2019 and Nov. 16-30 2019. In its last reported tender on Sept.…

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Algeria’s MY2018/19 grain production up by 74% to reach 6.05 MMT

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ALGERIA – Algeria’s (Marketing Year) MY2018/19 cereals production reached 6.05 million metric tonnes, a 74.4% increase compared to last year’s 3.47MMT, according to figures from the Ministry of Agriculture (MoA), quoted in USDA’s September GAIN report. The Ministry attributed the production level to favourable climatic conditions as well as government support through loans, seeds, equipment and other technical support for crops. It was also helped by adequate rainfall as most of the grain production areas benefited from good precipitations, enabling good crop conditions. Efforts by government to increase yields have…

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