Philippines: Grain and Feed Update
Link to report:
FAS Manila revised MY 2022/23 milled rice production downward to 11.975 million MT both because of a 3 percent expected reduction in yields as soaring fertilizer prices result in significantly reduced application and because of the effects of Typhoon Noru (Local name: Karding). To compensate for the expected rice supply shortfall, FAS Manila forecasts increased rice imports to 3.4 million MT. Also, FAS Manila forecasts MY 2022/23 corn production at 7.9 million MT, down 400,000 MT as compared to USDA Official, for the same reason of significantly reduced fertilizer application. FAS Manila forecasts corn imports to reach 1.7 million MT as a result of the government issuing Executive Order 171, Series of 2022.