Friday, January 29, 2010

Philippine farmers warn against zero-tariff wheat

The government of the Philippines is considering lifting the tariff on wheat imports to stabilize bread prices, but corn growers are asking that feed wheat not be included in the move, according to the Philippine Daily Inquirer.
A six-month tariff exemption that began in November 2008 resulted in an influx of feed wheat and lowered demand for domestic feed corn, the newspaper reported.
The Philippine Maize Federation (Philmaize) said that a repeat of the scenario could lead farmers to plant less corn and cause supply problems in the long run.

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