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- (-) December 2024
- (-) November 2021
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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...
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.
On November 4, 2021, the Philippine Department of Agriculture's Bureau of Animal Industry (BAI) and National Meat Inspection Service (NMIS) issued Joint BAI-NMIS Memorandum Circular No. 3.
The Philippines' declining production of lumber and other wood products cannot meet the country’s growing demand for residential, commercial, and public construction projects.