Philippines expects 10% boost in corn crop for Q1

Publish time: 7th May, 2013      Source:
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May 7, 2013


Philippines expects 10% boost in corn crop for Q1


Buoyed by good production and good weather, Philippines'' corn production, in the first quarter of the year, is expected to amount to a 10% improvement over the 2.02 million tonnes from the same period in 2012.



This is according to the Philippine''s Department of Agriculture (DA) Secretary Proceso J. Alcala on Monday (Apr 29).



Alcala noted that farmers who plant yellow corn, which is used as an animal feed additive, are enjoying robust local demand, as their output has a farmgate price of PHP12-14 (US$0.30-0.34) per kilogramme as opposed to PHP18 (US$0.44) per kilogramme for imported corn.



This year, the Philippines will export 15,000 tonnes of corn feed and grains worth PHP75 million (US$1.80 million) to South Korea, beginning with the shipment sent last month of 24 tonnes of corn silage.



Alcala said that the corn silage export will increase farmers'' incomes by 20% on average. The Agriculture chief also noted that the local demand for corn is also growing because of the growth of the livestock sector.



In 2012, poultry output grew by 4.5%, with a gross value of PHP167.1 billion (US$4.1 billion). Livestock production increased by 1.1%, with a gross value of PHP214.3 billion (US$5.23 billion), of which hog production was valued at PHP174.5 billion (US$4.3 billion).



Cornproduction in 2012 reached 7.41 million tonnes, up 6.25% from 6.97 million tonnes in 2011. The Philippines expects to produce 8.4 million tonnes this year, for a sufficiency level of 101% with a 140,000-tonne surplus.