First published in MindaNews.com. President Arroyo signed Executive Order 765 in December 2008 claiming that ”reduction on tariff on food wheat would help stabilize the price of bread and other baked food products.” Unfortunately, former agriculture secretary Leonardo Montemayor said in a report that the order did not only include the lifting of tariff on importation of food wheat or milling wheat, the ingredient used to produce bread, but also on feed wheat, which like corn, is used as animal feed.
Excess feed wheat supply brought by the zero tariff has competed with local corn supply, Roderico Bioco founding chair of the Philippine Maize Federation Inc. told MindaNews.
The implementation of EO 765 has led to an estimated P6-billion losses in income for corn farmers and at least P1-billion loss in revenues for government, Montemayor, now a member of the House representing of the ABA-AKO party list, said.
The lowest price for yellow corn was P6.50 per kilo or P6, 500 per MT, lower than the production cost of P10.
The Bureau of Agricultural Statistics (BAS) reported last week that the price of corn had dropped from P 9 per kilo to P7.50 during a five-week period.
The executive order was effective until June 2009 but favoring sectors, including the livestock feed millers lobbied for the extension. The corn industry stakeholders such as the Philippine Maize Federation Inc. and ABA AKO party list lobbied against the extension. Read the rest of this entry »
Inihanay sa:Agriculture, Bukidnon, Economy, Food in Mindanao, Food/Health Related, Governance, Malaybalay City, Mindanao, Mindanao's communities, Philippines





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