El Niño causes spike in local corn prices
The average farm-gate price of local corn has gone up in recent weeks, as El Niño continues to ravage major corn-producing areas in the country.
The dry spell has made it difficult for farmers to increase yield, causing the buying price of yellow corn to increase to P15 per kilogram, from P13.50 per kg, according to data from the United Broiler Raisers Association.
Data from the National Food Authority (NFA) showed that as of April 29, the average farm-gate price of yellow corn reached P12.67 per kg, 11.14 percent higher than the P11.40 per kg recorded in the same period last year.
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