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