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November 26, 2024 | 1 month ago

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Cold stores and storage of agricultural produce: Tebboune orders banks to be opened to investors

On Tuesday in Algiers, the President of the Republic, Abdelmadjid Tebboune, ordered banks to be opened to all those wishing to invest in cold storage and warehousing, to guarantee market stability and combat speculation.

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At the 50th anniversary celebration of the National Union of Algerian Farmers (UNPA), President Tebboune raised the issue of financing interruptions, calling them a sign of underdevelopment. He ordered banks to provide loans to farmers to invest in cold storage and the stocking of agricultural produce to stabilize the market and combat speculation and shortages.

He praised the modernisation of agriculture and the introduction of new techniques in regions such as Biskra, El-Oued and Boumerdès. He highlighted the patriotism of Algerian farmers, noting that the agricultural sector will generate $37 billion in 2024 and contribute 15% to GDP.

Stressing the need for an organic relationship between agriculture and industry, President Tebboune criticized the centralized management of agriculture and called for more farmer initiatives. He supported farmers' associations in proposing solutions and stressed the importance of achieving self-sufficiency.

In the meat sector, he called for solutions to the high cost of red meat to stabilize the livestock market. He also addressed Algeria's demographic growth, stressing the need for production, self-sufficiency, and a strong economy to meet the needs of a growing population.

He reiterated his commitment to expanding irrigated areas and stressed the importance of using treated wastewater for agriculture. He proposed the creation of water treatment plant cooperatives to distribute and optimize the use of treated water.


November 27, 2024 | algeria-logo

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