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Monday 26 July 2021
HomeNewsTunisia: food trade balance deficit widens to 574.4 MD in late April

Tunisia: food trade balance deficit widens to 574.4 MD in late April

The food trade balance deficit widened to 574.4 million dinars by the end of April from 3.2 million in the same period last year.

Consequently, the coverage rate fell from 99.8% in April 2020 to 75.3% in April 2021, according to a food trade balance document published by the National Observatory of Agriculture. (French: ONAGRI).

This deficit is the result of the value of food exports decreasing 7.4%, particularly olive oil exports (-22.8%) against an increase in imports (+22.7%), especially grain imports (+ 20%).

Grain prices (soft wheat, barley and corn) continued to increase in April 2021, while olive oil prices slightly decreased.

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