Algeria’s cereal import bill falls 12% in Jan-Sept


ALGIERS (Reuters) – Algeria’s spending on imports of cereals dropped 12% in the first nine months of 2019 compared with the same period last year, official data showed on Saturday.

Algeria, one of the world’s biggest grain importers, has been trying to cut expenditure on purchases of cereals and other goods after a fall in energy earnings.

The government this month decided to reduce its soft wheat imports to 4 million tonnes a year, from the current 6.2 million tonnes.

The value of imports of cereals reached $2.1 billion in the nine months to September 30, down from $2.4 billion in the year-earlier period, according to customs figures.

Reporting by Hamid Ould Ahmed

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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