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Post increases the MY 21/22 estimate for milled rice production to 12.5 million MT on positive first-quarter production data while holding imports unchanged.
A new export certificate for raw bovine parts has expanded U.S. exporters' access to the booming Costa Rican pet food market. U.S. pet food exports to Cost Rica have nearly doubled year-to-date, reaching $39 million through October 2021.
FAS Manila raises 2022 pork production by 25,000 MT to 1.025 million MT, as some commercial hog raisers report herd rebuilding efforts. Significant repopulation remains constrained, however, by continued African Swine Fever (ASF) cases and the lack of a vaccine.
After overcoming COVID-related labor and supply chain disruptions, Costa Rica’s orange production is expected to rebound to 300,000 metric tons in 2022, pushing total orange juice exports slightly higher to 33,000 metric tons.
Post sees Philippine biofuels consumption partially recovering in 2021 due to the loosening of quarantine restrictions, as ethanol demand grows 9 percent to 570 million liters and biodiesel increases 9 percent to 175 million liters.
With a stable democracy, predictable business climate, and economic growth fueled by a resurgent tourism industry, Costa Rica presents excellent export opportunities for U.S. food and beverage exporters in 2022.
While commercial production remains relatively small, FAS/San José expects area planted to genetically engineered crops in Costa Rica to grow modestly in 2022. Neither livestock nor other animal producers in Costa Rica appear interested in animal...
The Philippines is the ninth largest market for U.S. agricultural exports and the largest destination for U.S. consumer-oriented products in Southeast Asia. The United States is the largest single-country supplier of agricultural products, although ASEAN countries benefit from lower tariffs and have more market share as a group.
Since the start of COVID-19, Philippine consumers have incorporated more fresh fruit into their diet. Global exports of fresh fruits to the Philippines increased 36 percent to $695 million in 2020 and are forecast to grow five percent in 2021.
The Philippine Bureau of Internal Revenue (BIR) on November 10, 2021 issued Revenue Memorandum Circular No. 112-2021, clarifying that all imported unprocessed fruits and vegetables are exempt from the 12 percent value-added tax.
FY2021 agricultural exports reach record levels.
The Philippines is a regional biotechnology leader, highlighted by its passage in 2021 of Golden Rice for commercial propagation and Bt eggplant for direct use.