New Public Body to Manage Algerian Farm Surpluses

President Abdelmadjid Tebboune announced the establishment of a new public body in Algiers dedicated to managing and storing agricultural surpluses. This enterprise will intervene by purchasing excess agricultural products to build national stocks. The initiative supports Algeria's progress towards achieving self-sufficiency in several agricultural products, a goal anticipated by the end of 2027.

The announcement comes amidst reports of significant advancement within the cereal sector, particularly concerning durum wheat. This focus on domestic agricultural output aligns with a broader national economic strategy to bolster local production and reduce reliance on imports. President Tebboune highlighted a shift from an industrial landscape previously marked by import dependence to one of sustained industrial development.

As part of this strategy, Algeria has structurally reduced imports by over $40 billion, demonstrating a strengthened domestic production capacity that can substitute imported goods. This approach has already yielded results, with the state no longer importing gasoline since 2023. The nation continues to prioritize increasing local production across various sectors, including plans to commence domestic manufacturing of products like sugar and oil to further decrease import expenditures.