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    Togbe Afede XIV urges BoG to introduce measures to deal with rising inflation

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    Policy rate likely to be increased to tame inflation – Databank CEO

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Algeria: Cereals – Drop in Import Bill in First 8 Months

bycitibusinessnews
October 7, 2016
in Africa, North Africa
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The import bill of cereals (wheat, maize and barely) decreased by more than 23% during the first eight months of 2016 while imported quantities declined for soft wheat only, Customs told APS.

The import bill of cereals decreased to nearly USD 1.8 billion during the first eight months of 2016 against USD 2.33 billion in the same period of 2015 (23.04).

Imported quantities declined but at a slower pace to 8.7 million tonnes against 8.8 million tonnes (-0.92%), the Customs’ National Center for Data Process and Statistics (CNIS).

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According to categories, the import bill of wheat (soft and durum) decreased to USD 1.17 billion against 1.77 billion (-29.34%), for 5.3 million tonnes against 5.6 million tonnes (-4.36%).

As for soft wheat, the import bill decreased to USD 797.36 billion against USD 1.1 billion (-27,8%) while imported quantities decreased to 4.15 million tonnes against 4.41 million tonnes (-6%).

As regard durum wheat, the bill decreased to USD 377.5 million against USD 557.5 million (-32.3%) whereas imported quantities increased to 1.21 million tonnes against 1.19 million tonnes (+1.47%).

As regards maize, imports hit USD 511.41 million against 550.7 million (-7.14%), with imported quantities estimated at 2.77 million tonnes against 2.70 (+2.32%).

As for barely, Algeria imported quantities estimated at USD 111.4 million against 122.31 million (-8.92%), i.e. 629,000 tonnes against 527,833 tonnes (+19.15%).

–

Credit: All Africa

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