The Foundation for Economic Freedom (FEF) is pushing for a reduction in corn import tariffs from 15 percent to 5 percent to help prevent a potential rise in animal feed costs.
In a position paper submitted to the Tariff Commission, the group recommended a uniform 5 percent tariff for both in-quota and out-quota imports to improve supply stability and lower production costs for livestock and poultry industries.
FEF said the measure would help make pork, chicken, and eggs more affordable by improving access to imported corn and enhancing market efficiency.
It also argued that the current quota system and the Department of Agriculture’s proposal to expand import volumes could lead to inefficiencies and risks such as favoritism and regulatory capture.
However, the Philippine Maize Federation opposed the proposal, warning that lower tariffs could drive down farmgate prices and negatively affect local corn farmers and rural livelihoods.
Source: PhilNews24 | April 23, 2026
Latest from Business
The Bank of the Philippine Islands (BPI) has entered a multi-year partnership with The Walt Disney
Fuel prices in the Philippines are set for another round of rollbacks on Tuesday, April 21,
Job creation remains the government’s top priority, with Finance Secretary Frederick Go identifying BPO, semiconductors, electronics
The Department of Agriculture has secured a temporary toll fee waiver for accredited trucks transporting agricultural
Manila Electric Co. (Meralco) is seeking regulatory approval from the Energy Regulatory Commission (ERC) to refund
