The Philippines is weighing a decision on corn tariffs, with proposals to lower duties expected to yield an estimated ₱17-billion gain. The policy move, reportedly under consideration by government officials, could affect the livestock and feed industry, which relies heavily on imported corn.
According to Manila Bulletin, the tariff reduction is seen as a way to ease costs for feed millers and ultimately stabilize meat and poultry prices. However, local corn farmers may face stiffer competition from cheaper imports, prompting calls for safeguards and support measures.
The decision comes amid broader efforts to address food inflation and supply chain pressures. Industry groups are closely watching the outcome, as it could shape agricultural trade policy and impact consumers and producers alike.