Philippines: Grain and Feed Update
High rice prices due to tight supplies, rising fuel prices, and market distribution inefficiencies will force the Philippine government to import more rice to stabilize prices and contain inflation, which is at a nine-year high. As a result, MY 18/19 rice imports are raised 300,000 tons to 1.5 million tons. Philippine corn and rice production in MY 17/18 are lowered based on the latest government estimates.
