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Responding to inflationary pressures, the Philippine government is set to liberalize rice imports by converting Quantitative Restrictions to tariffs.
Ethanol production using sugarcane and molasses in 2018 is expected to increase to 270 million liters (ML) from 235 ML the previous year as aggregate capacity increases.
Local ethanol production is expected to increase through 2018 with import growth not expected to fully offset rising demand.
The Philippines imports virtually all of its dairy products, especially milk powder, as domestic production cannot meet the country’s dairy requirement of 2 million metric tons (MMT) liquid milk....
The Philippines’ rapidly expanding production of processed foods and beverages presents robust opportunities for U.S. exporters of agricultural raw materials and high-value ingredients.
The U.S. continues to be the Philippines’ largest supplier of agricultural products, and the Philippines is its 11th largest global market.