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HomeEconomyAlgeria's cereal imports' bill rises in first quarter

Algeria’s cereal imports’ bill rises in first quarter

Algeriaโ€™s imports of cereals, semolina and flour rose 2.5% by value in the first quarter of 2020 from a year earlier, official data showed on Friday.

The North African country, one of the worldโ€™s largest grain importers, has been trying to cut spending on cereal purchases and other goods to ease the impact of a fall in energy export revenue, the main source of state finances.

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The import bill for durum wheat, soft wheat, semolina and flour reached $629.50 million in January-March, against $614.39 million in the first three months of 2019, according to customsโ€™ figures.

It provided no details on volumes.

That accounted for 32.5% of the total bill for food imports in the first quarter, which rose 0.6% from a year earlier to $1.93 billion. (Reporting by Hamid Ould Ahmed; Editing by Susan Fenton)

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