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On June 20, 2024, President Ferdinand Marcos Jr. issued Executive Order No. 62 (EO 62) modifying the import duty rates of various commodities. EO 62 provides a multi-year comprehensive tariff schedule and applies to commodities subject to the Most Favored Nation (MFN) rates.
Attaché Report (GAIN)

Philippines: Confectionery and Ice Cream Market Brief

Fueled by Filipinos' fondness for food indulgences, rising disposable incomes, and increasing urbanization, the $1.2 billion confectionery and ice cream market is expected to see robust growth of eight percent annually through 2028.
Attaché Report (GAIN)

Philippines: Pork and Poultry Update

Post’s forecast for Philippine pork production in 2021 turns negative as ASF continues to discourage commercial operations from reinvesting in the sector, which in turn has led to spiking...
Attaché Report (GAIN)

Philippines: Grain and Feed Update

The COVID-19 pandemic and African Swine Fever continue to dampen feed demand in the Philippines, while recent typhoons were damaging to rice and corn but not enough to offset strong production...
Attaché Report (GAIN)

Philippines: Biofuels Annual

To combat the spread of the COVID-19 pandemic, the Philippine government placed much of the country in various forms of quarantine, which in turn sharply eroded the demand for...