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SMC buys up 69M kilos of corn

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SMC ramped up sourcing and purchasing of agricultural products to help small farmers who were affected by disruptions caused by the quarantine period. Photograph courtesy of SMC

Home-grown Asian conglomerate San Miguel Corp. (SMC) made good on an earlier commitment to protect farmers’ income and ensure the country’s stable food supply in the coming months through the 69 million kilos of corn to date from farmers nationwide, in coordination with the Department of Agriculture (DA). SMC president and chief operating officer Ramon S. Ang said that the company, through its San Miguel Foods Inc. (SMFI) has ramped up the sourcing and purchasing of corn and other agricultural outputs to help farmers who are unable to move their produce due to the Luzon-wide quarantine that has also affected food production and distribution. To help further offset the impact of COVID-19 on farmers, he said payment for purchases are released promptly so that farmers can have a steady source of income in these trying times. Very recently, the company purchased 92,000 kilos of corn from farmer-cooperatives in Central Luzon and Pangasinan as identified by the DA. Ang said the company is expecting 50,000 kilos of corn from Camarines Sur. Another 100,000 kilos will come from the Maymatan Farmers Multi-Purpose Cooperative in Camarines Sur, during the period of 26 May to 15 June.

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