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- (-) March 2025
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As inflation eases, Post forecasts food sales growth at five percent in 2025 driven by population growth and rising incomes. Food and beverage manufacturing is expanding, indicating solid growth in the sector, amid higher production costs, particularly for inputs.
FAS Manila forecasts an increase in milled rice production in Marketing Year (MY) 2025/26 compared to the previous MY, due to favorable weather conditions and an increase in government funding for the rice industry.
The Philippine Statistics Authority (PSA) has approved the lowering of the milling recovery rate (MRR) of palay to rice from 65.4 to 63.0 percent.
Between 2018 and 2024, U.S. exports of confectionery products have skyrocketed from $4 million to $28 million and exports of chocolate and cocoa product grown from $16 million to a record high $31 million.