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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.
Post slightly lowers the MY 2023/24 rice production forecast due to some minor aman season crop damage caused by a cyclone. Despite the reduced production, Post lowers the rice import forecast to 500 thousand MT, as the Government of Bangladesh maintains its high rice import tariff of 62.5 percent.
On December 7, 2023, the Ministry of Agriculture and Rural Affairs (MARA) announced the registration of 51 genetically engineered (GE) corn and soy varieties, including 37 GE corn varieties and 14 GE soybean varieties.
Planting of India’s rabi season (i.e., winter sown, spring harvested) crops is progressing somewhat slower than anticipated due to relatively dry soil moisture conditions.
Extreme weather conditions across the EU reduced grain production projections in MY 2023/24, although production is still anticipated to exceed MY 2022/23 levels. EU grain export expectations have deteriorated based on third country competition in...
Infographic highlighting the total exports, top destinations, and top commodities for U.S. agricultural exports in 2016.
The Czech Republic maintains a scientific approach towards biotechnology. Bt corn (a genetically engineered [GE] product) is planted, but the area has significantly decreased in recent years...
MY2016/17 wheat production marked a new record reaching 5.65 MMT with 11percent higher yields and an expanding share of milling wheat at 44 percent due to favorable climate conditions...
Jordan’s domestic production of cereals is negligible. This report covers Jordan’s production, supply and demand of wheat, barley, corn and rice.
MY2016/17 imports of wheat, rice and corn, combined, are estimated at nearly 6.8 million tons. Post’s MY2016/17 wheat consumption estimate is noted at almost 4.2 million tons...
On October 27, 2016, the Government of the Bolivarian Republic of Venezuela (GBRV) temporarily (one year) eliminated import tariffs and value added taxes for scarce agricultural products...