DA Eyes Bigger Corn Import Quota

💰 Ekonomi 📰 Philippines 🕐 2 saat önce
DA Eyes Bigger Corn Import Quota

The Department of Agriculture (DA) is seeking to increase the minimum access volume (MAV) for corn imports to 500,000 metric tons to help cushion livestock and poultry producers from rising feed costs, the agency said in a press release on Sunday.

The Department of Agriculture (DA) is proposing an increase in the minimum access volume (MAV) for corn imports, aiming for a total of 500,000 metric tons. This move is intended to mitigate the impact of rising feed costs on local livestock and poultry producers. The DA's proposal was announced via a press release on Sunday. The increased import quota is expected to stabilize feed prices and support the agricultural sector. Officials believe this measure will help maintain the competitiveness of Philippine animal products. The DA is monitoring global corn supply and demand dynamics to inform its import policies. This initiative underscores the government's commitment to ensuring food security and supporting farmers.

The DA's proposal to increase corn imports aims to stabilize feed prices and support the local livestock and poultry industries.

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