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Algeria: Cereal Import Bill Down 25.28 Percent in January – February

bycitibusinessnews
April 1, 2016
in Africa, North Africa
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The cereal import bill (wheat, maize, barley) decreased to $416.43 million in January and February 2016 against $557.36 m during the first two months of 2015, down 25.28%, Algerian Customs told APS.

The decline also concerned the total imported volume, which hit nearly 1.97 million tons against 2.05 m t, (-3.94%), said that the Customs’ National Centre of Data Processing and Statistics (CNIS).

The import bill of wheat (soft and hard), which represented nearly 66% of the cost of grain imports in last January-February, fell to nearly $274.4 million against $377.43 m (- 27.3%), for quantities reaching 1.18 m t against 1.23 m t (-3.67%).

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Regarding maize, the imports totaled nearly $112.6 m against almost $145 m (-22.32%) with a volume of 626 246.5 tons against 672 .523.4 tons (-6.88%).

As for barley, Algeria imported during the first two months of 2016 worth $29.44 m against nearly $35 m (-15.86%), for a quantity of 156 300 t against 145 607 t (+7. 34%).

The decline in import bill is driven by the fall of prices at the international markets since 2015.

The import price of soft wheat, which Algeria is a huge importer, decreased to $239 per ton in 2015 (against nearly $292 /t in 2014).

–

Source: All Africa

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