- San Miguel Corporation has bought 69 million kilograms of corn from local farmers to support them in these difficult times
- It aims to help farmers who have been affected by limited movement of goods since the start of quarantine
- The purchase is intended for the corporation’s production of animal feeds
To further support farmers in these trying times and ensure adequate supply for their products, conglomerate San Miguel Corporation (SMC) has bought 69 million kilograms of corn from local farmers.
The giant food and beverage producer ramped up its purchasing of corn crop and other agricultural goods to help farmers who have been affected by limited transportation of goods and at the same time sustain the company’s supply in manufacturing animal feed products.
It was a huge help for the local farmers who had to endure low corn rates in the previous months which declined to P19.20 to P28 per kilo.
“To help further offset the impact of COVID-19 on farmers, payment for purchases is released promptly so that they can have a steady source of income in these trying times,” San Miguel Corporation President Ramon Ang said in a report.
“We are expecting 50,000 kilograms of corn from Camarines Sur. Another 100,000 kilograms will come from the Maymatan Farmers Multi-Purpose Cooperative in Camarines Sur, during the period of May 26 to June 15,” Ang added.
It was also disclosed that the corporation with the help of the Department of Agriculture encouraged farmers producing rice, cassava, coconut oil, and other farm produce to come forward and sell their harvest to the San Miguel Corp.
“The farmers are at the core of our food production and they are even more essential and vital during this pandemic. We encourage more to come forward and help us secure the needed ingredients and raw materials for our food production,” Ang said.