Philippine corn supplies guaranteed for pigs
Private stakeholders in the Philippine corn industry
assured of a stable supply of corn at market levels, enabling pig farmers to
maintain the retail prices of pork (and poultry as well) at current
According to Agriculture Secretary Arthur Yap, with corn farmers surpassing
their dry season production targets during the first quarter of 2007, reports of
a supply shortfall of corn are misleading.
"There is actually no
shortage. The reason for relatively strong corn prices in the local market is
the high demand and price abroad, which is a result of factors such as the
increasing demand for corn as a biofuel feedstock and the drought in Australia,"
No hog price raises
the Philippine Maize Federation, PhilMaize, the country's federation of corn
industry stakeholders, told Yap during the meeting that even with yellow corn
costing as high as €0.19 a kilogramme, they do not expect hog growers to raise
prices, owing to the stable supply of the grain, which is a major component in
"With this year's high production and with imports
ready to fill-in any projected shortfall during the lean months, we do not see
any problem with our corn supply that would adversely affect the livestock and
poultry subsectors," said Isidro Acosta, Philmaize vice
Sustainable price level
corn sells between €0.17-0.19 per kg. Department of Agricultrure (DA) assistant
secretary and GMA corn programme director Dennis Araullo said this price level
is 'sustainable' and acceptable to corn farmers, who are now encouraged to plant
more because of the sustained profits in corn production.
production, which reached 6.08 million million tonnes in 2006, is targeted to
increase to 6.92 million million tonnes in 2007 - a 13.73% growth
Araullo said the DA's off-season production target, covering a
total of 132,000 ha, is expected to yield an additional 350,000 to 400,000
million tonnes of corn this year.
Department of Agriculture
â€¢ GMA Corn
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