Move made in effort to keep domestic market stable
Algeria has suspended duties on animal feed imports until the end of 2015 in an effort to keep its domestic market stable amid rising world market prices.
“The exemption from customs duties has come into force and will continue to be implemented until Dec. 31,” an official said in a Reuters report.
Algeria imports almost all of the soy and corn it uses. In the first quarter of 2015, it imported 1.16 million tons of corn, which was up 801,197 tons from the same period a year ago.