The price of domestic corn in the Philippines is expected to continue its downward slide in the face of increasing imports and lowered use of corn in animal feed, according to The Philippine Star. It is currently about 10.50 pesos to 11.50 pesos per kilogram.
Imports are rising with the country's participation in free trade agreements with members of the Association of South East Asian Nations and China, the newspaper reported.
In the face of a corn shortage in the first half of 2009, feed mills increased the percentage of substitute ingredients, such as feed wheat, in their mixes. But Roger Navarro of the Philippine Maize Federation wondered why they are not reintroducing more corn into their mixes, since the harvest rebounded in the latter half of 2009 and is expected to be good in 2010.
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