Philippines: Grain and Feed Update

  |   Attaché Report (GAIN)   |   RP2024-0031

Contact:

Office of Agricultural Affairs, Manila   |   (011-632) 301-4900

Link to report:

Philippines: Grain and Feed Update
FAS Manila forecasts Marketing Year (MY) 2024/25 rice imports to reach 4.60 million metric tons (MT), given the implementation of Executive Order No. 62, 2024 that reduced rice tariff rates from 35 to 15 percent. FAS Manila forecasts rice milled production to decline in MY 2024/25 due to damage and losses from successive typhoons. FAS Manila forecasts corn imports to reach 1.35 million MT for MY 2024/25 as fall armyworm continues to cause a decline in local production. Feed demand is forecasted to grow in MY 2024/25, driven by the broiler and layer industry and the rebounding swine industry. FAS Manila forecasts imports for wheat to increase to 7.15 million MT for MY 2024/25. The demand for wheat is largely driven by increased demand for milling wheat due to economic growth, increased population, a rebound in tourism, moderating inflation, and demand for feed wheat given favorable pricing vis-à-vis corn.
East Asia and the Pacific, Philippines
Grains, Feeds and Fodders, Corn, Rice, Wheat

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Malaysia: Grain and Feed Annual

Malaysia relies on imports to satisfy local demand for grain commodities including rice, corn, and wheat.
Attaché Report (GAIN)

Paraguay: Grain and Feed Annual

Paraguay’s wheat exports inn marketing year (MY) 2025/26 are forecast at 550,000 metric tons (MT), edging up slightly from the previous year, supported by a modest expansion in planted area even as yields may decline marginally.
Attaché Report (GAIN)

China: Cotton and Products Annual

Posts forecasts MY 25/26 cotton production at 6.35 million metric tons (MMT) on stable planted area and a return to normal weather conditions. Imports are forecast at 1.55 MMT and domestic consumption at 8.15 MMT.