Philippines: Grain and Feed Update

  |   Attaché Report (GAIN)   |   RP2021-0073

Post increases the MY 21/22 estimate for milled rice production to 12.5 million MT on positive first-quarter production data while holding imports unchanged. Meanwhile, poor results in corn production lead Post to slash the production outlook to 7.5 million MT and expand imports to a would-be record 1.2 million MT in order to satisfy current demand. Finally, Post lowers wheat imports to 6.3 million MT as both demand for hog feed remains soft and higher-priced consumer wheat products begin to hit the shelves.

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