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Despite record production and ample stocks, the Philippines is forecast to import a record volume of rice. Large imports are spurred in part by high domestic prices and the recent government decision to reduce tariffs from 35 to 15 percent.
Fueled by a rebound in hospitality and food service, the Philippine economy outperformed Singapore, Thailand, Malaysia, and Indonesia in 2023 despite inflationary pressure. Total U.S. agricultural and related exports to the Philippines reached $3.6 billion in 2023 with U.S. consumer-oriented and intermediate agricultural exports ranking the highest in Southeast Asia.
The effects of African Swine Fever (ASF) on feed demand may not be as severe as initially forecast, as the Philippine government's measures on the movement of hogs, pork products....
The United States is the Philippines’ largest supplier of agricultural products with a 28 percent market share.
Philippine ethanol production in 2019 is expected to increase to 320 million liters (ML) from 296 ML the previous year due to increased capacity utilization amidst declining sugarcane production....
The Philippine food service sector will continue its steady growth over the next three to five years, propelled by consumers’ stronger purchasing power, a larger middle class, higher urbanization....
After surging in MY2018/19, Philippine grain imports (wheat, corn and rice) will decline in MY2019/20 as the country returns to more normal weather conditions following last year’s El Niño....
Total raw sugar production in MY 2019/20 (December/November) will reach 2.1 million metric tons (MMT), unchanged from the previous year, with cane production expected to be about 22 MMT.
FAS Manila worked with JDR Sales and Marketing Group LLC (JDR), a company based in Granada Hills, California and the designated exporter to the Philippines of Huy Fong Foods Inc.....
A Philippine importer grew their business from two U.S. products (almonds and raisins) and two customers in 1995 to almost 30 products of dried fruits and nuts, and dehydrated potatoes....
The Philippine Department of Agriculture (DA) announced today that 14 out of the 20 samples submitted to the World Animal Health (OIE) Reference Laboratory for Swine Diseases in the United Kingdom....
The Philippine food retail sector continues to grow, providing opportunities for increased exports of U.S. high-value food and beverages.