The Philippines recently announced a decision to lower restrictive corn import tariffs on corn from outside Southeast Asian countries from 35 percent to five percent. 

The U.S. Grains Council says that’s potentially good news for U.S. corn exporters. 

“The U.S. and Philippines agricultural industries have enjoyed a strong relationship for a very long time,” says USGC President and CEO Ryan LeGrand. 

“The Council is standing by and ready to help their government and industry fill in any raw material supply shortage the country is facing.” 

The Philippines’ feed industry relies heavily on feed wheat imports due to its history of high import tariffs on corn from outside the Association of Southeast Asian Nations (ASEAN). 

The recent global wheat supply chain disruptions have had a disproportionately negative impact on Philippine input prices. 

“U.S. farmers have an abundant and sustainable corn crop ready to deploy when needed,” LeGrand adds. 

“We’ll be there to help in every way possible.”

(Story Courtesy of the NAFB News Service)

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