Algeria to increase corn, soybean imports
Country's animal feed agency to achieve 30% market share in 2012
Algeria's animal feed agency, ONAB, will import 100,000 metric tons of corn and 50,000 metric tons of soybeans before the end of October, according to the agency's import arm.
By the end of 2011, the numbers will reach 600,000 metric tons of corn and soybeans, compared with 200,000 metric tons in 2010, said Mustapha Zamoum, chief executive officer of ONAB's trading division. “We plan to achieve a market share of 30% in 2012,” said Zamoum. ONAB's share of animal feed imports is currently 10%.
The overall animal feed import bill of Algeria, where usage is estimated at 3 million metric tons a year, is expected to reach 60 billion dinars (US$816.04 million) in 2011, up 30% from 2010.