The National Food Authority (NFA) keeps its commitment to buy as much of the local produce as it is conducting intensive buying of corn in major producing regions.
NFA is targeting to buy 4.6 million bags of yellow corn grains equivalent to P2.8 billion and 1.3 million bags of white corn grains worth P892 million until December this year.
Farmers are enjoying a high ex-farm price averaging P15.11 and P10.62, respectively, for white and yellow corn varieties.
Meanwhile, the Department of Agriculture (DA) is also intensifying its support to the local corn industry from production up to post harvest stage to ensure farmers will attain higher yield, lower production and marketing costs and reduced post harvest losses. (PNA)
