San Miguel to buy more local corn


    San Miguel Corp. (SMC) through its food division San Miguel Foods, said its direct purchasing of corn from local farmers’ cooperatives to date reached 524,155 metric tons (MT).

    The company said that from October to early November, it bought as much as 87,946 of corn from local sources.

    “This is by far the largest volume ever that we have sourced directly from farmer cooperatives. This is part of our continuing efforts to help boost the incomes of our farmers, who have also been affected by the pandemic,” said Ramon Ang, SMC president and chief operating officer.

    He said the company will buy more local corn supply in the future, particularly from Isabela, Pangasinan and Mindanao with the completion of many of its modern feed mills nationwide.

    SMC said the new facilities that are equipped with large silos with aerators are capable of stockpiling and storing corn and other grains for a year.

    San Miguel Foods also buys cassava from farmer cooperatives nationwide through its cassava assembler program The company has so far purchased 102,608 MT of cassava this year, more than double the total purchased in 2019. – Jed Macapagal