Pork producers in the Philippines want to stop paying tariffs

18-10-2011 | |

The Department of Agriculture in the Philippines have been asked by pork producers to waiver the corn tariff.

The pork producers have stated that they want to be allowed to import corn without paying tariffs for six months. The producers are asking for this waiver so that livestock feed costs can be  stabilised – in the midst of increased global prices for grain.
“If the 35% tariff on imported corn is lifted for six months, our organisation can purchase cheaper produce. Lower corn prices would be a significant development for the industry because this would stabilise livestock feed prices,” the Pork Producers Federation of the Philippines said in a letter to Agriculture Secretary Proceso Alcala.

Source: 7economy.com