Feed millers in the Philippines have asked the government to remove the import tariff on animal feed inputs.
In the petition, the groups said
“prices in the world market have risen substantially, such that it has become
economically unviable to produce animal feeds without significantly raising
prices in order to recover costs. Prices of soybeans and soybean meal have
nearly doubled since 2006.”
The groups added that the raw materials
being imported were not produced locally. “Removing tariffs would not hurt local
producers nor would this lead to economic dislocation of any sector,” they said.
“Removing the tariffs would benefit not only feed millers and the livestock
sector but local consumers as well in the form of reasonably priced meat and
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[Source: Philippine Daily Inquirer]