Philippines: Grain and Feed Update

  |   Attaché Report (GAIN)   |   RP2024-0022
Despite record production and ample stocks, the Philippines is forecast to import a record volume of rice. Large imports are spurred in part by high domestic prices and the recent government decision to reduce tariffs from 35 to 15 percent. With lower corn production due to the Fall Army Worm issues, imports of both corn and wheat are also expected to rise to meet growing feed demand.

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