Food trade deficit almost triples to 1,556 MD, at end of September 2021 (ONAGRI)

The food trade balance deficit has nearly tripled, reaching 1,556.3 million dinars (MD) in the first nine months of 2021, against a deficit of 546.4 MD in the same period in 2020, said the National Observatory of Agriculture (ONAGRI).

According to the latest figures released by ONAGRI Wednesday, this worsening has affected the coverage rate which fell from 87.1% in 2020 to 67.2% in 2021.

In terms of value, food exports declined 13.3%, while imports increased by 12.3%.this deficit results mainly from the increased pace of grain imports (+18.3%) on the one hand and falling olive oil exports (-31.2%) on the other hand. This is besides the increase in grain import prices by 13% for durum wheat, 25.3% for soft wheat, 30.5% for barley and 51.1% for corn.

Similarly, there is a rise in milk and derivatives (+16.7%), vegetable oils (+32.7%) and sugar (+7.5%),

The Observatory reported, however, a clear improvement in the average export price of olive oil (8.17 DT / kg), up 40.5% compared to the previous year.

This also goes for tomatoes whose prices have risen by 12% compared to the same period last year.

However, those of dates, fish products and citrus fruits have declined by 12.4%, 8.3% and 6.6%, respectively.

 

Source: Tap News Agency