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SMC’s direct corn buy from farmers reaches 69 M kilos

By Madelaine B. Miraflor

San Miguel Corporation (SMC) said it plans to buy more corn directly from farmers in the succeeding months to sustain its poultry business, following the purchase of as much as 69 million kilograms of the staple food.

SMC President and Chief Operating Officer Ramon S. Ang

SMC President and Chief Operating Officer Ramon S. Ang

SMC President and Chief Operating Officer Ramon S. Ang said in a statement that his company, through San Miguel Foods, Inc. (SMFI), has ramped up the sourcing and direct purchasing of corn and other agricultural outputs from farmers. Payment for purchases are released promptly.

“We expect to purchase more corn from farmers in the coming weeks as we continue to secure agreements with farmers in many corn-producing regions in the country,” Ang said.

“We thank the Department of Agriculture (DA) for giving us the opportunity to help our farmers get a ready market for their products at pre-agreed and guaranteed prices,” he added.

Earlier, SMC signed an agreement with the DA for the purchase of four million kilos of surplus corn that is enough to produce feeds for over seven million live broilers.

Apart from corn, SMC has also called on farmers of rice, cassava, coconut oil, and other farm products to come forward through the assistance of the DA.

“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.

As part of its agreement with the DA, some of SMC’s Petron gas stations in Metro Manila are now being utilized as outlets for farmers’ produce, through the agency’s “Kadiwa ni Ani at Kita” rolling store program.

This initiative has made locally grown fruits and vegetables accessible to consumers at reasonable prices and gave added distribution channels and a ready market for local farmers.

To be specific, the DA has started to operate two “Kadiwa ni Ani at Kita” pilot stores at Petron Katipunan, near La Vista subdivision and Petron Zabarte station in Caloocan.


Source: Manila Bulletin (https://business.mb.com.ph/2020/05/22/smcs-direct-corn-buy-from-farmers-reaches-69-m-kilos/)

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