In the current season, Algeria imports a record 8.6 million tons of wheat

Wheat

Algeria

Market & Price Trends

Published Mar 28, 2024

Tridge summary

Algeria is set to import a record 8.6 million tons of wheat in the 2023/24 season, an increase from the previous year's 8.141 million tons, despite a slight rise in domestic production to 3 million tons. This surge in imports is attributed to a domestic production deficit and stable consumer demand. The Russian Federation has emerged as a key supplier, surpassing the European Union, after Algeria relaxed its import regulations on bug-damaged grain. Despite these changes, Algeria's domestic wheat consumption is expected to remain stable at 11.2 million tons, with no significant shifts anticipated in the flour milling industry, which consists of 432 enterprises.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to USDA's FAS forecast, Algeria will import a record 8.6 million tons of wheat in 2023/24 amid a deficit in domestic production and stable consumer demand. In the 2022/23 FY, wheat imports to Algeria amounted to 8.141 million tons, and in the next season it may decrease to 8 million tons thanks to the increase in domestic wheat production from 2.7 to 3 million tons. In the current season, the Russian Federation entered the list of main suppliers of wheat to Algeria, displacing the European Union from the leading positions. At the end of 2020, Algeria increased the permitted content of bug-damaged grain from 0.2% to 0.5%, opening its market to wheat from the Black Sea region. Since then, the Russian Federation has intensified wheat supplies to the country and continues to steadily increase them, displacing traditional suppliers for the Algerian market from France. USDA FAS ...

Source: Graintrade