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The Philippine Association of Feed Millers says corn tariffs in the Philippines raise livestock and poultry production costs, with corn priced up to $0.44/kg versus $0.24 to $0.38/kg in neighboring countries. It cites a NEDA study and urges the government to review its high corn tariff rates.
Calls for lower Philippine corn tariffs could eventually raise import demand for US and other corn, but the change is only a proposal and has no immediate price effect.
bworldonline.comCEDTyCleaOct 14, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
