Economics Affairs

Decline in Algeria's food import prices in first 11 months of 2016

APS - 15 February 2017

ALGIERS ? Algeria's import prices for nearly all food and agri-food products declined in the first eleven months of 2016 compared to the same period in 2015, the Ministry of Trade told APS.

For cereals, import prices fell to USD $ 306 per tonne for durum wheat (-32% compared with the same period in 2015), USD $ 193 per tonne for soft wheat (-20.6%) and to USD$186 per tonne for maize (-6.5%).

Meanwhile, the purchase price of milk powders was USD$2,312 per tonne (-17.7% compared to the same period of 2015).

However, the import prices for raw sugar increased to USD$410 / t (+ 16.5%), while crude oil prices maintained their downward trend (from -0.13% to -7.4%), except for coconut oil (+ 16%) and other crude edible oils (+ 20.6%).

Concerning the grocery category, an increase in average import prices was noticed for pasta (+ 7.4%), infant milk (+ 2.1%), roasted coffee (+14, 8%) and tea (+ 7.02%).

On the other hand, import prices for triple tomato concentrate declined to USD$829 per tonne (-28%), tomato concentrate to USD$1,104 / t (-13%), double tomato concentrate to USD$1,327 / t (-8.6%), unroasted coffee at USD$2.160 / t (-5.4%), and rice at USD$538 / t (-2.2%).

On the contrary, the price of white sugar rose to USD$522 / t against USD$504 / t, up 3.6% compared to the same period of 2015.

For dried pulses, dried beans dropped to USD$1.064 /t (-8%) and dry peas to USD$580 / t (-17.1%), while the import prices for chickpeas soared to USD$1.420/ t (+33.3%) and lentils to USD$1.085 /t (+13%).

For garlic, its import price is USD$1,809/ t against USD$1,126 / t, up by 60.7%.

Concerning meat and fish, prices fell for chilled beef meat by 8.2%, frozen meat by 9.1% and frozen fish by nearly 3%.

Algeria's has 18 suppliers of milk powder; the top five among them are New Zealand (42% of total imports), France (16.3%), Argentina (11.3%), Poland (8.2%) and Uruguay (7%).

With regard to fresh fruit, the import bill was about USD$142 million of bananas during the first 11 months of 2016 (compared with USD$162 million over the same period of 2015) and USD$51.1 million of apples (against USD$92.6 million).

As for fresh fruits, apples import prices were at USD$823/ t (+18%) and bananas at USD$708 / t (-3.8%).

The import bill was USD$ 34.1 million for almonds (USD$ 36.3 million), USD$ 17.8 million for dried grapes (USD $ 23.8 million) and USD$5.3 million of dry apricots (against USD$6.1 million), while imports of dried prunes stagnated at USD10.57 million.