The food trade balance recorded a deficit of 1,321.9 MD until end August 2021, posting a coverage rate of 68.8% in 2021, against 87.2% in 2020, the National Observatory of Agriculture (ONAGRI) said Tuesday.
In terms of value, food exports fell 11.9%, while imports went up 11.6%. The deficit recorded is essentially the result of the increased pace of grain imports (+13.9%) on the one hand and the decline in olive oil exports (-28.5%), on the other hand.
ONAGRI has also reported a clear improvement in the average price of olive oil (8.09 D / kg), posting a rise of 40.7% compared to the previous year.
Export prices went up 40.7% for olive oil and 16.1% for tomatoes, compared to the same period last year. However, those of dates, fisheries products and citrus fell 12.6%, 7.1% and 6.6%, respectively.
At the end of August 2021, ONAGRI also noted a significant decrease in imports of meat, potatoes and sugar.
Import prices of grains have increased by 12.6% for durum wheat, 23.9% for soft wheat, 18.4% for barley and 46.9% for corn.
The same is true for the price of milk and derivatives (+19.0%), vegetable oils (+30.6%) and sugar (+7.2%), while the prices of meat and potatoes dropped by 51.7% and 19.8% respectively.
The country’s overall trade balance deficit saw a rise of 13.7% to 10,480 MD at the end of August 2021, against -9213.6 MD in 2020.