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Sugar imports down 9% in first four months 2014

June 15, 2014

ALGIERS- Sugar import bill totalled US$369.90 million during the first four months of 2014 against US$ 407.21 million during the same period a year earlier, down by 9.16%, despite an over 7 percent increase of imported quantity, said Algerian Customs' National Centre of Data Processing and Statistics (CNIS).

From January to late April, Algeria imported 800,550 tonnes of sugar against 747,004 tonnes during the same period of reference, up by 7.2%, said the CNIS.

In 2013, sugar import bill totalled US$ 903.89 million, down 7.8% compared to 2012, while the imported quantity amounted to 1.814 million tonnes, up by 7.02%.

During the previous year, global sugar prices dropped by over 25%, due to the abundant supplies and growing stocks.

Last week, sugar prices continued their downward trend reaching their lowest level in seven weeks.


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Source: Algeria Press Service

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