Philippines: Grain and Feed Update
Link to report:
After surging in MY2018/19, Philippine grain imports (wheat, corn and rice) will decline in MY2019/20 as the country returns to more normal weather conditions following last year’s El Niño, with higher production and adequate inventories. The arrival of African Swine Fever in the Philippines will lead to a 10 percent reduction in hog feed demand, resulting in feed wheat imports falling 500,000 tons in MY 2018/19 to 7.1 million tons. Corn imports are forecast to decline nearly 7 percent to 700,000 tons due to improved production and sufficient stocks. Smallholder rice farmers will continue planting rice despite low prices, while progressive rice producers will become more efficient in MY2019/20. Although area harvested is lowered, rice production will increase by 2 percent due to favorable weather conditions, with imports expected to decline in MY2019/20 because of adequate supply.
