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.
Post forecasts Burmese rice exports lower in June due to reduced supplies in the domestic market and higher domestic prices. The Burmese government continues making changes to its trade and foreign exchange rate policies that are impeding trade.
Post forecasts consumption of cotton in the Malaysian textile industry at 290,000 bales in marketing year (MY) 2022/23, a 3.3 percent drop from the previous year post’s estimate. The expected reduction is based on textile companies shifting their operation to other South-East Asian countries as the cost of labor increased in Malaysia with the revision of new minimum wages on April 1, 2022.
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.
Burma’s aquaculture production and export in MY 2021/22 will remain flat as COVID-19 restrictions and the military coup continue to dampen the economy. Post anticipates lower U.S. soybean meal (SBM) and distiller’s dried grain with solubles (DDGS) exports to Burma in MY 2021/22 in line with slower aquaculture development and changes in foreign currency controls.
Effective June 1, 2022, Malaysia intends to ban export of poultry products to ensure sufficient domestic supply. This is the latest in a series of measures taken to try to combat rising food prices in the country.