Philippines: Grain and Feed Update
Philippine inflation continued to decline in 2019, mainly because of considerable food and feed grain imports. Although inflation slightly increased to 3.2 percent in May 2019 due to food price adjustments brought about by a mild El Niño, Philippine government planners expect full year inflation to settle within the 2 to 4 percent target for 2019. Post concurs with the official USDA estimates for wheat, corn and rice.
