October 9, 2017
Philippine corn output hike this year tempered by low price
The Philippines expects its corn output this year to increase 5.26% year-on-year to 7.6 million tonnes from last year's 7.22 million due to generally favorable weather, the Philippine Maize Federation Inc. (PhilMaize) said, according to the Business Mirror.
The Philippine Statistics Authority (PSA) earlier projected a corn output of 8.01 tonnes for 2017, but PhilMaize President Roger V. Navarro said this "is not attainable", adding "the best the sector can do is around 7.6 tonnes".
Navarro told reporters on the sidelines of the Asean Agriculture Summit in Manila on Oct. 4 that corn production would have been higher this year if some farmers did not shift to other crops because of low corn prices.
Last year's corn output of 7.22 MMT was 4% lower than the 7.52 MMT produced in 2015, data from the PSA showed, the Business Mirror reported.
Navarro noted that the farm-gate price of yellow corn in Regions 2 and 3, the country's top corn-producing regions, has gone down due to a couple of factors including the high carryover volume from last harvest and the recent importation of corn and feed wheat.
Navarro said he expects the current farm-gate prices of corn (11 pesos, or 21 US cents per kilogramme) to remain until the first quarter of next year.
"The problem here is that it is the small farmers who are greatly affected because they may decide not to plant, thus, supply may be affected," he was quoted as saying.
Navarro urged the National Food Authority (NFA) to intervene and step up its purchase of yellow corn to stabilise farm-gate price.
"The NFA should intervene now so the price would normalise. Because if they do it now, then the farmers would be encouraged to plant again in the next cropping season," he said.
Corn is used in the manufacture of animal feed by Philippine millers.