THE Philippines is mulling over exporting corn to the world market to prevent a further slump in farm-gate prices, which have plunged to P9 per kilogram—a level at least 20 percent lower than production cost.
Agriculture Secretary William D. Dar confirmed to the BusinessMirror that the Department of Agriculture (DA) is considering exporting local corn among the options to help farmers cope with the declining farm-gate prices.
Dar said they are studying the proper legal backbone to be able to allow corn farmers to export, since the National Food Authority (NFA) has been deregulated by the rice trade liberalization (RTL) law.
See full article at Business Mirror
