PBBM Raises Corn Import Quota to 500,000 MT Amid Projected Supply Deficit
Amid a projected 1.42 million MT supply deficit due to domestic production constraints and rising costs, Philippine President Ferdinand R. Marcos Jr. has increased the Minimum Access Volume (MAV) for imported corn from 220,000 MT to 500,000 MT. The move aims to ensure adequate supply for the livestock, poultry, and feed milling industries and mitigate price hikes.
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