Import/export, trade agreements, customs, and international commerce
The global food price index rose by 1.7% year-on-year in June, despite a monthly decline of 0.3%, according to the Food and Agriculture Organization (FAO) announced today, Friday. The organization explained in its monthly report on the global food price index, which measures monthly changes in the prices of food commodities traded globally, that it reached 103.3 points in June, down by 0.4 points, or 0.3% compared to May.
Analysis of oil prices (Brent, WTI) as of July 2, 2026: geopolitical impacts, US stocks, and OPEC+ strategy.
Economy of Algeria news
Opportunities to enhance the Algerian-German partnership in the automotive industry were the focus of a visit by a delegation of German economic operators to the state of Oran on Wednesday, according to Rashid Bekhchi, head of the Western Partnership and Subcontracting Exchange. Bekhchi explained in a statement to the Algerian News Agency that this visit, organized by the Algerian-German Chamber of Commerce and Industry (AHK Algeria) in partnership with the Western Partnership and Subcontracting Exchange, aims to familiarize with the production capabilities of Algerian subcontracting companies and explore industrial cooperation prospects between economic operators in both countries, particularly in the field of manufacturing automotive components. The delegation began its visit at the “Fiat” factory...
Algeria - Algeria will participate in the events of the 63rd edition of the Damascus International Fair, scheduled to be held from August 26 to September 4 in the exhibition city of Damascus (Syria), according to a statement from the Ministry of Foreign Trade and Export Promotion.
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Algeria and Russia signed an important scientific and technical memorandum of understanding in the field of cultural heritage protection, on the sidelines of the 13th session of the Algerian-Russian Joint Government Committee for Economic, Trade, Scientific and Technical Cooperation held in the Russian capital Moscow from June 24 to 26, 2026.
Oil prices rose on Wednesday after reports that Iran would not meet with U.S. President Donald Trump's envoys in Qatar, increasing pressure on the temporary ceasefire.
The United States maintained its leadership in 2025.
Oil prices are heading for the largest quarterly losses since the COVID-19 pandemic in early 2020. August Brent crude futures, which expire on Tuesday, fell by 0.3 percent or 23 cents to settle at $72.92 a barrel, while West Texas Intermediate crude for August also dropped by 1.8 percent or $1.25, reaching $69.50 a barrel. Both crude benchmarks are nearing the levels at which they were trading on February 27.
Algeria absorbs 42% of Uruguayan milk. Discover how the Baladna project in Adrar aims to change the dairy game.