Manila, March 21 -- The Gokongwei-led Universal Robina Corporation (URC) has inaugurated a new mill in Davao to meet the country's growing demand for high-grade flour.
"We are bullish because we are buoyed by the prospects of the continued forecast of growth for wheat demand in the Philippines in the coming years," URC Flour and Pasta Division Business Unit General Manager Ellison Lee said in a statement on Thursday.
The Philippines expects wheat imports to grow to 6.3 million metric tons this year from 5.98 million metric tons last year.
"We remain steadfast in our commitment of using only imported high-quality wheat to mill in our plants, following stringent standards and control, to ensure the achievement of desired quality and consis...