MANILA, Philippines — Local corn farmers will have to deal with depressed prices in the next few weeks as the importation of feed wheat coincides with the main harvest season.
According to the Philippine Maize Federation Inc. (PhilMaize), domestic corn prices may further spiral below P12 per kilogram.
This after feed millers purchased 81,200 metric tons of feed wheat, a cheaper substitute for corn, from the Black Sea and Australia. More than 30,000 MT will be arriving next month.
See full article at Philstar
