Algiers - Algeria has decided to suspend import duties on animal feed, such as maize and soya, for 11 months from September 1 to protect its domestic market from high world market prices, a statement on the agriculture ministry’s website said.
“The national community, through the government, is committed to the protection of poultry by the exemption from customs duties and value added tax for maize, soybeans and other animal feed ... from Sept. 1, 2012 until Aug. 1, 2013,” the statement quoted Agriculture Minister Rachid Benaissa as saying.
Algeria imports nearly all of its soya and maize needs, which it uses primarily for animal feed. There are no official statistics available on import volumes.
A drought in the United States has cut corn and soybean yields this year and pushed up prices.
Benaissa also said the government would provide financial incentives to poultry breeders by allowing them access to bank loans with zero interest rates, to help develop the industry.
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