Browse Data and Analysis

There are no changes to rice and corn production and imports, nor wheat imports for MY 2023/24.

In 2022, the Philippine baking industry spent roughly $1.5 billion on ingredients, with 77 percent ($1.2 billion) imported. The United States supplied more than 55 percent or $845 million worth of ingredients, mostly wheat.

Post sees the food and beverage retail sector growing six percent more slowly than last year. Retail sales continue accelerating as chains open new outlets while enhancing their imports sections.

FAS Manila forecasts Market Year (MY) 2022/23 milled rice production will reach 12.4 million metric tons (MT), flat with the previous year’s near-record high. The Philippine government’s support programs will help rice farmers partially offset rising input costs.

FAS Manila maintains 2022 pork production at 1 million metric tons (MT), flat compared to 2021, as repopulation efforts in Luzon are offset by new outbreaks of African Swine Fever in Mindanao and the impact of Typhoon Odette (Rai) in the Visayas.

On February 15, 2022, the Philippines approved the revised Joint Department Circular No. 1 (JDC), streamlining the regulatory policy governing plant biotechnology. Signed by five Department Secretaries, the document was published in two newspapers on March 8, 2022, and will go into effect 15 days later.

The Philippines has two laws to provide tariff and tax exemptions that support the importation of raw materials and/or inputs for the benefit of local agricultural production.

The Third Edition of the Philippine Department of Agriculture's Avian Influenza Protection Program (AIPP) Manual of Procedure was finalized in 2020.

The Philippine Department of Agriculture (DA) will soon execute a $10 Million fuel subsidy program for farmers and fishers to reduce production costs (PhP500 Million).