Philippines: Grain and Feed Update

  |   Attaché Report (GAIN)   |   RP2022-0069

FAS Manila maintains MY 2022/23 milled rice production at 11.975 million MT, as previously stated conditions such as diminished fertilizer application still hold. FAS Manila estimates rice imports at 3.8 million MT in response to recent trade data. FAS Manila estimates wheat imports at 5.8 million MT because of high prices and industry contacts’ observations that consumers have limited purchasing power. FAS Manila maintains MY 2022/23 corn production at 7.9 million MT because of conditions similar to rice, namely diminished fertilizer application. FAS expects corn imports to reach 1 million MT because of the extension of lower tariffs through 2023 and competitive price quotes for orders going forward, especially from ASEAN member states. FAS Manila also estimates MY 2022/23 sorghum imports at 30,000 MT based on stable demand.

Related Reports

In 2023, Bulgarian imports from the United States surpassed the $100 million mark for the first time. The growth was due to a substantial increase in Bulgarian imports of U.S. beef, tree and ground nuts, food preparation, whiskies, animal feed, and wood.
Following three consecutive seasons of tight supply, favorable fall and winter conditions have been followed by abundant spring precipitation across Spain, with the notable exception of the eastern part of the country.
Attaché Report (GAIN)

Ukraine: Sugar Annual

MY2024/25 sugar production is forecast at 1.8 MMT, similar to FAS/Kyiv's previous MY estimate. Sugar beet production area will remain steady across MY2023/24 and MY2024/25, which could be an indicator that the sugar industry is adjusting to a “new normal.”