Philippines: Grain and Feed Update
Total wheat consumption surged in MY 14/15, and is expected to continue growing in MY 15/16 due to the robust economy, growing Philippine population and strong feed demand from the livestock sector. For corn and rice, MY 14/15 and MY 15/16 production was pared down from official USDA estimates due to extended drought conditions during the first half of CY 2015. To ensure food security and stable prices, Post expects significant rice imports in MY 15/16.
