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The Philippines is the second largest market for U.S. soybean meal (SBM) and the world’s largest coconut oil (CNO) exporter.
Sugar production, trade and domestic prices are largely governed by the Sugar Regulatory Administration (SRA), a government agency under the Philippine Department of Agriculture.
Exports of high-value, processed food products have been a significant contributor to the strongest five-year period for agricultural exports in U.S. history.