Algerian wheat imports rise

Author: 
REUTERS
Publication Date: 
Mon, 2012-01-23 00:31

The data showed energy exports earned the OPEC member nation $71.24 billion last Year, a 28.3 percent rise from $55.52 in the previous year. 
As a result, the country's trade surplus increased 62.5 percent to $26.9 billion from $17.6 billion, despite a rise in imports. 
The volume of Soft wheat imports was up 39.23 percent to 5.55 million tons from 3.98 million tons, durum wheat purchases rose 48 percent to 1.85 million tons from 1.24 million tons. 
France led Algeria's suppliers of soft and durum wheat with 4.53 million and 1.096 million tons respectively. 
Soft and durum wheat imports for 2011 were the highest since Algeria won independence from France in 1962, according to figures from the UN food agency. 
Algeria at the start of this year decided to speed up wheat imports to boost stocks in the wake of rioting in January.   
Algeria's domestic cereal harvest fell again in 2011 to 4.2 million tonnes, with agriculture ministry officials blaming poor weather conditions. 
The harvest in 2010 had been 4.56 million tons. That was down from the previous year's record of 6.1 million tons but still in line with the average over the past few years.   
The value of Algeria's total imports in 2011 rose 14.8 percent to $46.45 billion, while exports valued $73.40 billion, a 28.6 percent rise from $57.05 billion in 2010. 
The value of oil and gas sales abroad accounted for 97 percent of total exports. 

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