April 4, 2005

 

Philippine feed millers to import 100,000 tonnes of corn
 

 

Philippine feed millers are facing a shortage in corn due to storm damages in December and arid weather in the first quarter of this year.

 

Output is expected to fall 12 percent to 2.5 million tonnes in the first half of the year, leading feed millers having to import at least 100,000 tonnes from May to July to make up for the losses. Of this, 60,000 tonnes of Chinese corn will be sought in tenders on April 15.

 

Ric Pinca, vice-president of the Philippine Association of Feed Millers said they would ask the government to waive the 35 percent duty on the corn imports. He also warned that the tight supply of corn could lead to higher meat prices for consumers.

 

The last time feed millers had to import corn was in April 2004 when 10,000 tonnes were brought in.