Corn and feed production industries in the Phillipines are looking strong, with investors being encouraged to invest in the sectors.
Speaking ahead of "Livestock and Poultry Expo" to be held on April 22-25, 2013 at CSU Andrews Campus, Tuguegarao City, Chief of the Livestock Division-department of Agrculture, Dr Emma Ludan said Region 2 would benefit from feed mills being built in the region.
Region 2 is leading corn producer in the country, however all corn is exported to other regions as there are no feed mills here.
Dr Ludan said "feed processing in the region would aid in boosting livestock production," adding that "farmers can meet market demand for raw materials for feed production."
In related news, Japfa the second-largest supplier of animal feed and day-old-chicks (DOC) by market share in Indonesia, was also recommended by analysts to investors.
Japfa which sources 70% of its corn from inside the country, had the benefit of low raw materials procurement costs compared to its competitors.
Japfa is currntly in a period of high capital investments, with plans to spend approximately IDR3.9trn on capital expenditures over the next two years.
About 40% of these investments have been allocated for expanding its DOC breeding farms, which will in turn drive expansion in the company's feed production capacity.
By 2014, Japfa expects DOC and feed capacity to increase by 34% and 19%, respectively.
"Livestock and Poultry Expo" by the Dept. of Agriculture-2, is to be held at CSU Andrews Campus, Tuguegarao City on April 22-25, 2013. The show will showcase native animals, and will give an opportunity to farmers and raisers to know the new trends in native animal production to boost their livelihood.