Connect with us

Hi, what are you looking for?


Feed millers bat for corn industry modernization


THE Philippine Association of Feed Millers, Inc. (PAFMI) said the government needs to modernize the corn industry in light of increasing demand for animal feed.

“A national corn development program that encompasses the whole value chain starting from the farm until the produce reaches the market and industrial users will allow the country to reduce its dependence on imports,” PAFMI said in a statement on Tuesday.

The group said it welcomes the Department of Agriculture’s Corn Production Enhancement Project, which has a yield improvement target of 3% a year.

PAFMI, composed of over 30 feed millers, said: “Corn is an integral ingredient in the manufacture of feed for the livestock and poultry industry,” adding that corn imports have risen over the last decade, crowding out domestic corn from the market.

Last month, President Ferdinand R. Marcos, Jr. signed Executive Order No. 10, extending lower tariffs on pork, rice, corn and coal until Dec. 31.

The import dependency rate “needs to be substantially trimmed to single digits to insulate the country from the adverse effects of any (supply disruptions),” which “leaves the country vulnerable to global supply imbalances,” PAFMI said.

The association cited a 2022-2023 corn supply outlook issued by the National Corn Program, indicating that domestic production is expected to account for 57% of the country’s needs.

PAFMI said that a “comprehensive long-term corn development program” needs to modernize farming practices and develop harvest and post-harvest infrastructure.

This year, PAFMI said the Agriculture department is estimating domestic corn output to hit 7.56 million metric tons (MMT), of which 6.35 MMT is expected to be used in animal feed. — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

<?xml encoding=”utf-8″ ??> Pressure on the Tory Party chairman increases as the head of HMRC says there are no penalties for ‘innocent errors’. Nadhim...

Editor’s Pick

<?xml encoding=”utf-8″ ??> With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike...

Editor’s Pick

<?xml encoding=”utf-8″ ??> TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the...

Editor’s Pick

<?xml encoding=”utf-8″ ??> NatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Shell has put more than 2,000 jobs in the UK at risk after launching a “strategic review” of its domestic energy...

Editor’s Pick

<?xml encoding=”utf-8″ ??> British taxpayers have become shareholders in a further 53 companies backed by a government rescue funding scheme. These firms include a...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.