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Manila may double corn exports to Seoul after record production


MANILA, Philippines - A Philippine association of corn growers plans to double its exports to Korea after production hit a record in June, the organization’s President said. Instead of shipping 10,000 metric tons of corn, members of the Philippine Maize Federation (PhilMaize) are thinking of increasing exports to 20,000 metric tons (MTs) after production hit a record 3.29 million MTs. Corn production for this year grew by a fifth to a record 3.29 million MTs for the first half as against the 2.75 million MTs reported last year. The shipment marks the country’s first ever corn export on a commercial basis, PhilMaize President Roger Navarro told reporters in a forum sponsored by the Philippine Agricultural Journalists Association. Besides encouraging corn farmers to become more productive, it is also seen to increase government plans to establish additional infrastructure for corn exports, Navarro said. The Philippines—which has attained 98 percent self-sufficiency in corn this year— is preparing to become one of Korea’s major corn suppliers, Navarro added. Korea imports 300,000 metric tons of corn annually. By 2010, Manila expects to produce some 8.536 million MT of corn, making it self-sufficient in corn production. - GMANews.TV
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