The USDA attributes this positive outlook to an expected 7% rise in yields, reaching 1.2 tonnes per hectare.
With an annual production capacity of 422,000 metric tons, the new plant aims to cater to both poultry and livestock feed.
The company has inaugurated additional production lines at its complex in North Port.
The project aims to improve data management and optimize the supply chain, ensuring better coordination between collection centers and government agencies.
The USDA report also forecasts a 6% rise in maize consumption, reaching 4.4 million metric tons.