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Algeria: Cereal import bill increased by 16% in Jan. and Apr. 2018

Tuesday, 29 May 2018 17:11

(Ecofin Agency) - Between last January and April, the Algerian government injected $1.17 billion in cereal purchase from international market (durum and soft wheat, semolina and flour). This figure is 16% up from the amount earmarked same period last year, Reuters reports mentioning customs data.

This increase in cereal import value is part of the government’s strategy to boost food budget which stood at $3.16 billion during the period under review, up +4.9% from last year.

Let’s recall that Algeria is world’s third-largest wheat importer after Egypt and Indonesia. The country which produced 3.5 million of cereal in 2017 plans to be durum-self-sufficient by 2020.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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