Philippines: Grain and Feed Annual
Link to report:
The Philippine economy plunged 9.5 percent in 2020 due to the COVID-19 pandemic and remains in one of the world's longest quarantines. In MY21/22, wheat imports are forecast to decline by 200,000 MT to 6.6 million MT due to dampened hog feed demand caused by African Swine Fever. The disease continues to spread to new regions of the country, including now in the Visayan island of Leyte. Corn production is expected to fall 2.4 percent to 8.0 million MT, resulting from reduced hog and broiler feed consumption and low farm gate prices. Now two years since the passage of the Rice Tariffication Law, Philippine farmers are receiving government support to increase yields and compete with cheaper imports. Milled rice production is forecast up 1.6 percent in MY21/22 to a record 12.4 million MT, while imports are likely to stay unchanged from last year's level of 2.2 million MT to boost consumption ahead of the 2022 election.
