Korean firm eyes Tabuk City as source of corn for feed processing business
Tabuk City, Kalinga (21 July) -- KC Feed Co. Lt., a Korean company producing feeds for poultry and swine, and several other products has placed Tabuk City as a prospect on where to buy raw corn products for their feed processing business.
In a recent consultation meeting with the city government headed by Mayor Camilo Lammawin Jr., the Korean company representatives quoted that they are ready to buy 20,000 metric tons of corn annually from the city's corn produce as an initial deal.
In a response, City Agriculturists Gilbert Cawis said that Tabuk could handle the demand citing that the city is currently utilizing a total of 3,000 hectares farm lands for yellow corn production producing an average of 6,000 metric tons per hectare every crop.
Considering that farmers are harvesting twice a year, the 2,000 hectares could already produce around 26,000 metric tons and that production could still increase if the 2,825 potential lands will also be developed for corn production, Cawis said.
After the consultation, the Korean team conducted a field visit and made an on the spot soil test in one of the farms in Cudal, Tabuk.
They have also visited some traders and tracking businesses in the locality to see the possibility of doing business with them especially on the exportation process of corn products from the province.
With the KD Feed Company pouring their investment in the province, corn farmers will be assured of a better market and will be encouraged to enhance their production and technical skills to meet international market demands, thus increasing their opportunities to earn more.
This development is an offshoot of the Arroyo administration's economic efforts to make the country investment friendly making the Philippines a favored investment prospects by international business groups where some are now confidently doing business in the country. (ggd/PIA-Kalinga) [top]