ALGERIA’S IMPORT BILL FOR CEREALS PLUNGES 28 PCT IN JAN-APRIL 2016

ALGIERS,– Algeria’s import bill for cereals — wheat, maize and barley — in the first four months of 2016 plunged more than 28 per cent compared with the same period last year because of lower grain prices although the volume of imports dropped only slightly.

The cereals import bill dropped to 940.89 million US dollars in the four months compared with 1.31 billion USD during the same period last year, the Algerian Customs service said Tuesday.

The National Centre of Statistics and Data Processing (CNIS) of the Algerian Customs said the import bill of wheat dropped to 660.58 million USD from 871.76 million USD previously (down 24.23 pct), for 2.83 million tons (2015: 2.8 million tons).

Imports of maize fell to 221.14 million USD from 346.94 million USD (- 35.26 pct) with an imported volume of 1.23 million tons against 1.67 million tons.

As for barley, imports amounted to 59.17 million USD against nearly 90 million USD in the same period of 2015 (- 34.23 pct), while the quantity dropped to 324.520 tons from 370.581 tons.

 

Source: Name News Network