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- (-) June 2023
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FAS Manila lowers 2023 pork production to 925,000 MT on the recent arrival and expansion of African Swine Fever within the top remaining production regions of the Philippines while also lowering imports to 500,000 MT based on trade to-date and high carry-over stocks that are not currently reflected in the balance sheet.
In support of climate action, the Philippines calculated its carbon intensity for ethanol made from molasses and sugarcane at 46.8 gCO2e/MJ, and of biodiesel from crude coconut oil and refined coconut oil at 32.8 gCO2e/MJ and 31.5 gCO2e/MJ, respectively.
Executive Order #171, Series of 2022, modifies market access for MFN tariffs on corn and rice through December 31, 2021, necessitating changes to Post’s corn and wheat balance sheets but not rice.
FAS Manila maintains 2022 pork production while increasing imports 25,000 MT to 400,000 MT, reflecting improved market access conditions. No changes are made to the chicken PSD.
The Philippines is the eighth largest market for U.S. agricultural exports and the top market in Southeast Asia. Already a longstanding and reliable trading partner, the Philippines continues to offer many opportunities for exporters because of its young and growing population and rising household income.