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Rice export prices decreased 4 percent despite the strengthening of the Thai baht.

On June 25, 2022, the Philippine Department of Agriculture (DA) Bureau of Animal Industry (BAI) informed domestic stakeholders at a consultative meeting that it will be enforcing BAI Memorandum Circular No. 26 (MC26), dated August 11, 2021.

Rice export prices decreased 3-5 percent due to the weakening of the Thai baht.

Executive Order #171, Series of 2022, modifies market access for MFN tariffs on corn and rice through December 31, 2021, necessitating changes to Post’s corn and wheat balance sheets but not rice.

Rice export prices decreased due to the weakening of the Thai baht.

FAS Manila maintains 2022 pork production while increasing imports 25,000 MT to 400,000 MT, reflecting improved market access conditions. No changes are made to the chicken PSD.

Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.

Rice export prices decreased one percent due to the weakening of the Thai baht.

Post expects MY2022/23 rice production to recover from MY2021/22 due to available water supply and abundant precipitation. MY2021/22 and MY2022/23 feed wheat imports could benefit from the temporary removal of restrictive import measures from May 10 to July 31, 2022.

Rice export prices remain unchanged despite the weakening of the Thai baht.

The Philippines is the eighth largest market for U.S. agricultural exports and the top market in Southeast Asia. Already a longstanding and reliable trading partner, the Philippines continues to offer many opportunities for exporters because of its young and growing population and rising household income.

This monthly report includes information on U.S. and global imports of dairy products, including maximum quantities that can be imported under tariff-rate quota licensing.