Philippines to import Chinese corn and Indian wheat
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Last Update: 2002-06-27
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Source: Internet
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Author: User
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Introduction: according to local media reports, the Philippines will import 20000 tons of corn and 15500 tons of wheat from China and India in the near future Due to the expected impact of El Ni? O, this year's food harvest in the Philippines is likely to decline In order to meet the local demand, the Philippines food processing association plans to import corn from China during July 1-31 and wheat from India during September 1-15 Two weeks ago, the Philippines imported 130000 tons of wheat from India and 24000 tons of soybeans from Argentina The head of the association said the Philippines needs about 5.5 million tons of corn a year for livestock feed, but the country has an average harvesting capacity of 4.5 million tons In October this year, the Philippines is expected to be affected by the El Ni? O phenomenon, so the association decided to import more corn The price of Chinese corn transported to the Philippines is about US $104 per ton, which is lower than US $113-122 per ton At the same time, the Philippines will import wheat from India, priced at $101 a tonne, as an alternative to corn when it is scarce Since this year, the Philippines has imported 430000 tons of wheat from India, compared with 390000 tons of wheat imported from India last year Since this year, the Philippines has not imported corn from any country.
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