South Cotabato corn prices drop

KORONADAL CITY - The law of supply and demand was seen as the reason in theslump of corn prices in South Cotabato, Justina Navarette, provincial agriculture officer, said.Navarette said corn production in the province has increased tremendously the past harvest season causing its price to drop.She said the most affected town in the buying price of corn grains was Banga, known as the corn capital of South Cotabato. Compounding the problem was the refusal of some traders to purchase the farmers' produce due to voluminous supplies.According to Navarette, the provincial agriculture office will negotiate with Biotech Farms to prioritize corn products from the province.She explained that the provincial government is mulling assistance to corn farmers because no government agency that attend to them in times like this.For palay farmers, the National Food Authority procure palay at a higher price when palay prices in the market drop.