Millers seek standard corn tariff

The Philippine Association of Feed Millers renewed its call for the standardization of corn tariffs to help strengthen local production of agricultural products like meat, eggs and fish.

Government data showed that corn production in the country is still insufficient with just over 7 million metric tons produced annually. Of this figure, 84 percent of yellow corn production goes to the animal industry as feeds for livestock and chicken and the balance is used as food for humans. While different agricultural groups have raised concerns that tariff reduction for rice, meat, poultry, and corn will negatively impact farm gate prices with imports flooding the local market, PAFMI said implementing the 5% standard tariff on yellow corn may help strengthen local production of major agricultural products like meat, eggs and fish.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nueva Ecija thwarts Pasay, San Juan rips Makati squadDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

World-class surfing unfolds in Siargao CupDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Thompson, Brownlee thank ArenaPlus for supporting Gilas journeyDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Why Japanese horror film ‘Monster’ a must watchDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Alden Richards confesses falling in love with Maine MendozaDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Empowering Connections: DITO’s Powerful Home UNLI 5G WiFi for all needsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »