Philippines slashes corn import tariff to counter Ukraine war effects
Published on: Thursday 02 June 2022
The Philippines, citing the impact of the Russian invasion of Ukraine on world grain supplies and prices, has reduced its tariff on corn imports from 35% down to 5% and that has opened new opportunities for U.S. corn farmers. Corn is a particularly important feed component for Philippine livestock producers and accounts for half of the production cost for the country’s poultry and pork producers, the government said in an executive order signed by President Rodrigo Duterte. Ukraine is a major global exporter of corn, . . .
News source: https://www.agri-pulse.com/articles/17786-philippines-slashes-corn-import-tariff-to-counter-ukraine-war-effects
