Digging for victory: Algeria turns to bananas in trade gap battle

Published Feb 11, 2021

Tridge summary

Algeria's government is encouraging farmers like Mostefa Mazouzi to grow bananas to reduce the country's trade deficit, as energy revenues decline and imports become more expensive. Mazouzi, who already owns a tomato farm, has leased a hectare of land from the government and claims the banana crop is profitable due to the high cost of imported fruit. The government is exploring ways to modernize the agricultural sector and reduce food imports, which account for about 20% of Algeria's foreign purchases, by boosting domestic production. Mazouzi aims to form an association of banana producers and expand banana cultivation along the coast.

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Original content

SIDI FREDJ, Algeria - Faced with dwindling energy revenues and costlier imports, Algeria's government is turning to farmers like Mostefa Mazouzi to help narrow its trade gap - so it's lent him a hectare of land on condition he use it to grow bananas. Mazouzi, who already owns a tomato farm, has built greenhouses and already harvested a banana crop on the new land near the Mediterranean coast. While he won't give figures, he says the venture is "very profitable", and the government, reaping the benefits of early domestic plantings of a crop that cost $35 million to import in the first quarter of 2019, is happy too. Mazouzi says bananas earn more for him than other crops because mostly imported fruit is more expensive. He plans to create an association for banana producers and wants the government to develop the crop more widely along the coast. "Banana cultivation will help Algeria gain employment and wealth," he said at his banana farm west of the capital, Algiers. "We are ...

Source: Todayonline