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FINANCIAL NEWS
Algeria reduces wheat imports by 34.6% in Jan-Aug
28 Sep 2012
(MENAFN) Algeria’s Customs Statistics Centre (CNIS) stated that the country’s imports of wheat plunged by 34.6 percent in the January-August period, reported Xinhua News citing local APS news agency.
The agency said that in terms of value, total amount of imported wheat reached USD1.29 billion in the first 8 months of the current year, down from USD1.98 billion in 2011’s same period.
It added that imports of soft and hard wheat declined by 22.9 percent to 4 million tons, compared with last year’s 5.19 million tons.
It is worth noting that Algerian agriculture authorities said in early June that the country’s wheat production this year is expected to be between 5.6 million and 5.8 million tons, however, the figure was revised down later to 5.2 million tons, as a result of hail, heat wave and forest fires that damaged the crops.
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