Philippines asks for more raw materials

18-04-2007 | |

The Philippines asks suppliers the availability and costs to supply the country with 80,000 metric tons of yellow corn for livestock and poultry feed. The corn will have to be shipped into the country by July to meet the supply shortfall, National Food Authority Administrator Jessup Navarro said.

The Philippines already bought 60,000 tons from Cargill Inc. for delivery by the
end of July, in a tender on April 11. Another 60,000 tons was purchased from Toepfer International at $215.50 a ton for
delivery by end-June. However, this is still not enough to meet the demand.
Philippine imports of wheat and yellow corn, ingredients for animal feed, is
projected to rise by more than a third to 1.81 million tons this year from last
year, as demand outpaces production, Livestock Development Council Director
Pedro Ocampo said earlier.

Zero import
tariff

National Food “will decide as soon as possible” on a request
by Philippine feed millers to call the tender and allow them to purchase the
additional grain at zero import tariff, instead of the 35-50% rate charged
for regular imports
, Navarro said. “If that is approved, we’ll publish the
notice to bidders as soon as possible,” he said.

Related
website:
National Food

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(Source: Bloomberg.com)

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