A good harvest will allow Tunisia to reduce imports of wheat and barley

Published Apr 3, 2024

Tridge summary

Tunisia is poised for a notable increase in grain production in the 2024/25 marketing year due to favorable winter weather, with wheat production expected to jump to 1.25 million tons and barley to 0.6 million tons. This boost will allow the country to reduce wheat imports to 1.8 million tons and barley imports to 0.5 million tons. Despite economic challenges and the high cost of wheat subsidies, Tunisia does not plan to change its subsidy program significantly. The country has secured grants for grain imports and is exploring more funding options, aiming to keep grain stocks for 1-2 months of consumption. Additionally, Tunisia has liberalized barley imports, permitting private companies to import barley and establishing the National Feed Council to oversee feed grain distribution.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to USDA's FAS forecast, Tunisia will harvest a large grain crop this year thanks to favorable winter weather. Thus, in 2024/25 MR, the country will increase wheat production from 0.441 to 1.25 million tons, in particular durum wheat - from 0.427 to 1.13 million tons, barley - from 0.089 to 0.6 million tons, compared to the previous season. wheat import will decrease from 2.2 to 1.8 million tons, and barley - from 0.95 to 0.5 million tons. Import and export of wheat and its processing products are controlled by the country's Grain Agency (ODC). Imported wheat is sold at a subsidized price, and the difference is compensated by government funds. Despite the fact that the subsidies have become very expensive for the budget, Tunisia does not yet plan to change this program or reduce imports. The difficult economic situation in Tunisia has made it difficult for the ODC agency to import grain. In 2023/24 FY, the country received grants from international organizations (World ...

Source: Graintrade