Agribusiness stakeholders are urging the government to hike the country’s corn imports in order to make up for the shortage in local supply and temper the increase in prices of pork and chicken.
American Chamber of Commerce agribusiness committee chairman Christopher Ilagan said that the “minimum access volume should be expanded from the current 217,000 metric tons to a level more in line with the actual deficit in the country today, which is closer to three to four million MT.” “Prioritizing end-users in the allocation of corn under the MAV Plus will shorten the process distribution and help temper the rise in prices,” PAFMI said.
“Corn tariffication like rice is the immediate solution,” BAVI president and general manager Ronald Mascariñas said. Ilagan is hoping that lawmakers will pass the Livestock Industry Development and Competitiveness Bill, which seeks to rationalize the DA organization along the lines of the corn-livestock-poultry value chain.
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