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- (-) December 2024
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Philippine President Ferdinand Marcos Jr. signed Republic Act (R.A.) No. 12078 on December 9, 2024, which extended the implementation of the Rice Competitiveness Enhancement Fund (RCEF) until 2031.
The Philippine Food and Drug Administration (PFDA) reiterated its jurisdiction on the regulation of veterinary drug products. The PFDA clarified that it shall regulate finished products for therapeutic purposes for animals, including veterinary drugs, medicated feed products, and antimicrobials.
FAS Manila forecasts lower milled rice production in Marketing Year (MY) 2024/25 compared to MY 2023/24 due to a series of weather disturbances. FAS Manila forecasts an increase in imports in MY 2024/25 to address reduced domestic production and increasing consumption attributed to population growth.
Reaching pre-pandemic levels in 2025, FAS Manila sees continued food service sales growth at 12 percent with the expansion of stores and customer queues in restaurants. As more consumers dine out, restaurant chains open new restaurants, cafes, kiosks...
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.
FAS Manila hosted two Great American Taste dinners to build awareness among industry and consumers of the availability, variety and quality of U.S. fine foods and wines.
The stronger purchasing power of Philippine consumers, growing middle class, and increasing urbanization drove a higher frequency of dining out.
The Philippines continues to be a regional biotechnology leader.
The stronger purchasing power of Philippine consumers, a growing middle class and increasing urbanization drove a higher frequency of dining out.
The United States continues to be the Philippines’ largest supplier of agricultural products, and the Philippines is its tenth largest global market.
The Philippines imports virtually all of its dairy products, especially milk powder, as domestic production cannot meet the country’s annual dairy demand, which was nearly 2.5 million metric tons....