Algeria Wheat Production Forecast Raised 10% in 2022-23
October 04 2022 - 5:30AM
Dow Jones News
By George Mwangi
Special to Dow Jones Newswires
Algeria's wheat production forecast in the marketing year
beginning July through June 2023 has been raised by 10% from an
earlier estimate, the U.S. Agriculture Department said.
Production is estimated to increase to 3.3 million metric tons
from 3.0 million tons estimated in July due to improved yield per
hectare on average weather conditions, the USDA said late Friday in
its annual Algeria grain and feed report update.
Production is expected to increase by 38% from 2.4 million tons
the prior year.
Wheat imports have also been raised by 2.5% to 8.3 million tons
in the current year, it said.
Algeria's imports from Ukraine and Russia represent only 4% and
therefore the Ukrainian war isn't having an effect on imports, the
USDA said.
Algeria relies primarily on imported wheat from the EU, France,
Germany, Spain, Canada, the U.S., Argentina, Uruguay, and Mexico,
it said.
Algeria's wheat consumption is expected to increase slightly to
11.15 million tons in 2022-23, up from 11.10 million the prior
year, it said.
Wheat is the major staple food and accounts for 60% of the food
ration in Algeria, it said.
Algeria is among the largest consumers of wheat in the world,
the USDA said.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
October 04, 2022 05:15 ET (09:15 GMT)
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