Browse Data and Analysis

On February 15, 2024, the Minimum Access Volume (MAV) Management Committee issued an Administrative Circular (AC) that increased the annual MAV or Tariff Rate Quota for chipping potatoes from 30,000 to 60,000 metric tons (MT).

As the Philippines’ economic growth outpaces its neighboring countries, the market presents stronger opportunities this year for U.S. food and beverage ingredients, including wheat, dairy products, poultry, pork, beef, starch products, processed and dried fruits, food preparations, and soy.

Though relatively small, the Costa Rican food processing sector relies on U.S. exporters to maintain critical supply chains. Proximity, reliability, and familiarity help make the United States the preferred supplier for a wide range of food processing ingredients, including wheat, corn, and animal proteins.

FAS Manila forecasts MY 2024/25 milled rice production will increase to 12.125 million MT as the country emerges from the current El Nino and government spending on inputs and machinery contributes to increased yield.

Industry experts expect a November 11, 2023, update to the Costa Rican biotechnology regulatory framework will facilitate utilization of innovative biotechnologies and reduce barriers to common applications of modern biotechnology.

Costa Rica declared the re-emergence of New World screwworm a national emergency on February 7, 2024, nearly 7 months after reporting its first case since the late 1990s.

Metropolitan Cebu offers strong opportunities for direct shipments of U.S. agricultural exports. As the largest domestic shipping port, Cebu serves as a distribution hub for agricultural exports to the Philippines. Located in one of the highest...

FAS/San Jose collaborated with three Cooperators to highlight U.S. products tailored to Costa Rican food service demand at ExpHoRe - the largest trade show in Costa Rica targeting the hotel and restaurant sector.

As one of the world’s fastest growing markets, the Philippines presents export opportunities for U.S. food and beverage products including dairy, poultry, pork, beef, processed and fresh vegetables, fresh fruit, food preparations, sauces, condiments, chocolate and cocoa products, chewing gum and candy, dog and cat food, and bakery products.

The exporter guide provides an economic and market overview, as well as trends and practical tips for U.S. exporters on how to conduct business in Costa Rica in 2024.

On December 22, 2023, President Ferdinand Marcos, Jr. signed Executive Order No. 50 (EO 50) extending lower tariffs on pork, corn, and rice for another year or until December 31, 2024. EO 50 was published on December 26, 2023, and took effect immediately upon publication.

FAS Manila maintains its September 2023 forecast for rice and corn production and imports, but lowers its forecast slightly for wheat imports to 6.0 million metric tons.