January 3, 2012

Philippine feed millers, poultry integrators seen to import 25% more corn in Q1 2012
 

Feed millers and poultry integrators in the Philippines are likely import at least 25 percent of their needs next year because the duty free importation of up to 100,000 tonnes of corn they had sought would not come in time had it even gone through the approval process.
 

According to the Department of Agriculture, by the time the Tariff Commission granted their request, local harvest should have started by then.
 

Feed wheat imports reached 1.07 million tonnes in 2011 and 962,446 tonnes in 2010.
 

As of September 1, the country had 2.79 million tonnes in corn stocks and about 63 percent are with households while commercial warehouses hold the remaining 37 percent.
 

According to the Bureau of Agricultural Statistics said July-December corn production would be lower by about 4.2 percent at 3.795 million tonnes compared to last year's 3.961 million tonnes.
 

The country's annual yellow corn requirement is 7.5 to 8 million tonnes.