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Source: nasdaq.com By:
The North African country, one of the world’s largest grain importers, produces part of its durum wheat needs but relies heavily on soft wheat imports, with France still the main supplier.
OPEC member Algeria has been trying to cut spending on purchases of food and other goods as the country faces financial pressure after a fall in oil and gas revenues, the main source of state finances.
“There is a necessity to adopt the available scientific methods in order to raise the levels of cereal production,” a presidential statement quoted Tebboune as saying at a Cabinet meeting.
“He stressed the need for a comprehensive and realistic vision for a real revolution in the field of grain and seed production.”
(Reporting by Hamid Ould Ahmed; Editing by Peter Cooney)
((hamid.ouldahmed@thomsonreuters.com;))
2 comments
A great move I deem necessary! Why? well we are one of the world biggest wheat importers while in the past we used to be the biggest exporters! Our main importer is France, yes France that sell us the low quality wheat!
This move in my opinion will allow This country farmers and producers to change their way of thinking and doing work, since rather than depending on imports (to gain hard currency, the bastards) they will have to increase productions to go back to their earnings.
With our situation being quite in a pinch, every move and action can help, most of our imports are food and food products, which we can produce here and then import.
The oil and gas sector being the main source of income for Algeria, such a strategy which aims at local production leading to self-sufficiency and why not a return to export as before, this would certainly create more jobs, in particular for youth.
Thank you for your comment !