Philippines: Grain and Feed Annual

FAS Manila forecasts MY 2024/25 milled rice production will increase to 12.125 million MT as the country emerges from the current El Nino and government spending on inputs and machinery contributes to increased yield. FAS Manila forecast rice imports for MY 24/25 flat at 4 million MT as domestic production covers the slight increase in demand. FAS Manila forecasts wheat imports for MY 24/25 higher at 5.9 million MT as global prices stabilize. Finally, FAS forecasts corn production for MY 24/25 at 8.4 million MT, with imports increasing to 1 million MT to cover the increase in feed consumption.