PH secures new S. Korea agri deals

Manila has secured a number of trade commitments and agreements with South Korean businesses – including a partnership on corn and deals on other animal feedstock exports – that could help boost incomes in the local agro-fishery industries, the Department of Agriculture (DA) announced on Monday.

Back from a five-day visit to South Korea, DA Secretary Proceso Alcala told a press conference in Manila that the Philippines can now look forward to additional exports of corn silage and other animal feedstock, following the signing of a memorandum of understanding for “better business efficiency and friendly relations” between Hapchon Livestock Cooperative Union and Filipino groups Benacorn Corp. and Ploughshares Inc.