Philippines sees 2020 corn harvest at 8 mln T, up 4%

MANILA, Oct 27 (Reuters) -

* The Philippines expects to harvest 8 million tonnes of corn this year, compared with last year's output of 7.7 million tonnes, the Department of Agriculture (DA) said on Tuesday

* A frequent importer of feed wheat and soybean meal, the Southeast Asian country expects to end the year with corn stocks equivalent to eight months of domestic requirements, Lorenzo Caranguian, DA's National Corn Programme director, told a news briefing

* Feed wheat and soybean mean are cheaper alternatives to yellow corn that poultry and hog raisers use as animal feed

* Local corn buyers have ramped up their purchases amid plentiful supply, with San Miguel Corp's food unit buying 436,209 tonnes in January-September, while Cargill Philippines expects its purchases this year to exceed 100,000 tonnes (Reporting by Enrico Dela Cruz Editing by Ed Davies)

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