December 15, 2010

South Korea still needs more than a million tonne corn

The South Korean corn market is still wide open and that country alone still needs an annual corn supply of 1.6 million tonnes, an official said.

To meet the big need, the Gorontalo provincial administration had established cooperation, but still cannot meet the huge volume.  Therefore, the South Sulawesi provincial administration will establish cooperation with South Korea, Bantaeng Regent HM Nurdin Abdullah said Monday (Dec 13).

The regent said the international cooperation will be mutually beneficial, especially when it comes to price. "We hope the price of the commodity would not drop during harvest season as has happened in the past," he said.

He hoped the seedling companies and production means like Syngenta Indonesia plays a role in not only giving attention of boosting corn production and improving quality, but also with regard to product marketing to prevent the growers from constant losses.

Regent Nurdin Abdullah called on the existing storage facilities to accept the products of the farmers which had dropped in price. Under these circumstances the growers would not suffer a loss because when their commodities entered the storage facilities, they can already enjoy funds provided by BRI.

"The government bank provides 70% of the price. And when the price is good, the growers will receive the remainder. The seedling had already been developed to support four harvests a year. The completion of the dam will hopefully be followed by the building of pipelines to support planting in the area," the regent added.