Algeria banned oil and wheat exports

It was reported that an export ban was imposed on oil, sugar and wheat products in Algeria. In a written statement from the Presidency of Algeria, it was stated that President Abdulmecid Tebbun gave instructions on the export of food consumption products. In the statement, it was reported that Tebbun ordered an export ban on food products such as oil, sugar, wheat and its derivatives, and it was noted that the Minister of Justice was charged with creating a draft law that criminalizes the export of the aforementioned substances that are not produced locally. In the statement, some incentives for farmers who are suppliers of strategic stocks of the state were pointed out. A few days ago, Algerian Minister of Agriculture, Abdulhafiz Heni, stated that the grain stocks in his country were sufficient until the end of 2022, due to the concerns that may arise in grain products due to the Russia-Ukraine crisis. It is stated that Algeria, which has a wheat production of approximately 1.3 ...