The reduced tariffs on corn imports may increase Philippine corn imports to 1.9 million metric tons, according to the United States Department of Agriculture.
Local corn farmers are urging the government to focus on supporting and stabilizing local production instead of lowering tariff rates of corn imports, which will discourage the local industry.
THE Philippine Association of Feed Millers Inc. (PAFMI) on Thursday welcomed the government’s economic team proposal reducing the corn tariff to 5 percent to mitigate the impact of the Russia-Ukraine conflict on the Filipino people, saying this will ensure local food security. Under the proposed measures, PAFMI said the economic…
An aquaculture feed manufacturer is urging the government to review tariffs imposed on raw materials, particularly corn and wheat, in a bid to temper the cost of animal feed in the country.