Mar 19, 2021Renewed market opportunities for US almonds in Algeria reported
Following the instruction of President Abdelmadjid Tebboune during his 2020 June’s Ministers Council Meeting regarding the total restriction of the importation of agricultural products during their harvest time, the Professional Bank and Financial Institutions Association (ABEF) sent a note on July 12, 2020 informing Banks and Financial institutions that Ministry of Commerce suspended 13 agricultural products from imports during their harvest time.
This list included:
Citrus (October 1-June 30), apricots (April 01-uly 31), Cherries (May 1-Jly 31), Peaches (May 1- August 31), Prunes (June 01-September 30), Grapes (June 1-November 30), Pears (June 1- February 29), Apples (June 1- March 31), Almonds (January 1-December 31), Figs (June 1- October 31), Pomegranate (September 1- January 31, Medlar (April 1-July 31), Quinces (October 1-November 30).
US export prospects
The adjustment to the ban on imports for almonds will reopen business opportunities for US exporters of almonds. Demand for tree nuts remains high in Algeria. In addition to the fact that Algeria is not a significant producer of tree nuts in general, nor of almonds in particular, Algerian consumers consume a lot of tree nuts especially almonds in pastries and other dishes.
The United States remains the leading exporter of tree nuts to Algeria. Algeria imports on average about 5000 MT of almonds each year, of which 85% originates from the US Almonds average share of the total US tree nuts exports to Algeria accounts for 72% and represents a commercial success for US companies in the Algerian market accounting nearly for $20 million in US agricultural exports annually.