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Algeria to cap wheat imports in bid to save foreign currency

TUNIS, Nov 21 (Reuters) - Algeria has decided to cap soft wheat imports at 4 million tonnes a year, instead of 6.2 million tonnes, the government said in a statement.

The decision aims to "preserve foreign currency and reduce Algerian imports of cereals, especially soft wheat," it said in the statement late on Wednesday.

The government has also set the actual needs of the domestic market for soft wheat at 4 million tonnes instead of 6.2 tonnes imported each year, it added.

Algeria is one of the world's biggest buyers of the commodity. However, hit by lower oil prices since 2014, it is trying to reduce its imports. (Reporting by Lamine Chikhi, Editing by Angus McDowall and Clarence Fernandez)