Tebboune: Algeria Has Wheat Reserves Sufficient for 8 Months

Mature spring wheat awaits harvest on a farm near Beausejour, Manitoba, Canada August 20, 2020. REUTERS/Shannon VanRaes/File Photo
Mature spring wheat awaits harvest on a farm near Beausejour, Manitoba, Canada August 20, 2020. REUTERS/Shannon VanRaes/File Photo
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Tebboune: Algeria Has Wheat Reserves Sufficient for 8 Months

Mature spring wheat awaits harvest on a farm near Beausejour, Manitoba, Canada August 20, 2020. REUTERS/Shannon VanRaes/File Photo
Mature spring wheat awaits harvest on a farm near Beausejour, Manitoba, Canada August 20, 2020. REUTERS/Shannon VanRaes/File Photo

Algeria has wheat reserves sufficient for eight months, the state news agency quoted President Abdelmadjid Tebboune as saying during a televised interview late on Saturday.

Algeria purchased about 120,000 tons of optional-origin milling wheat in an international tender on April 13.

Algeria’s state grains agency OAIC will allow traders to supply it with French wheat in March, overturning a recent exclusion of supplies from France as the war in Ukraine disrupts shipments from the Black Sea region, traders said last month.

“We have been informed that OAIC will allow French wheat to be supplied instead of Black Sea wheat for March shipment because of the crisis,” one of the traders said.



Saudi Arabia Approves 2025 Budget with Total Deficit of $26.9 bln

General view of Riyadh, Saudi Arabia. (SPA)
General view of Riyadh, Saudi Arabia. (SPA)
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Saudi Arabia Approves 2025 Budget with Total Deficit of $26.9 bln

General view of Riyadh, Saudi Arabia. (SPA)
General view of Riyadh, Saudi Arabia. (SPA)

Saudi Crown Prince Mohammed bin Salman on Tuesday approved the country's budget for 2025, state media reported, with a planned deficit of 101 billion riyals ($26.88 billion).

The budget set spending at 1.285 trillion riyals in 2025 and total revenues at 1.184 trillion riyals. ($1 = 3.7568 riyals)

The Crown Prince also directed ministers and officials to commit, each in his capacity, to implementing the programs, strategies, and development and social projects included in the budget, consistent with the goals of the Kingdom's Vision 2030.