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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Tebboune: Algeria Has Wheat Reserves Sufficient for 8 Months

Mature spring wheat awaits harvest on a farm near Beausejour, Manitoba, Canada August 20, 2020. REUTERS/Shannon VanRaes/File Photo

Algeria has wheat reserves sufficient for eight months, the state news agency quoted President Abdelmadjid Tebboune as saying during a televised interview late on Saturday.

Algeria purchased about 120,000 tons of optional-origin milling wheat in an international tender on April 13.

Algeria’s state grains agency OAIC will allow traders to supply it with French wheat in March, overturning a recent exclusion of supplies from France as the war in Ukraine disrupts shipments from the Black Sea region, traders said last month.

“We have been informed that OAIC will allow French wheat to be supplied instead of Black Sea wheat for March shipment because of the crisis,” one of the traders said.

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