Philippines: Grain and Feed Update
Link to report:
FAS Manila maintains its overall forecast for milled rice and wheat in Marketing Year (MY) 2025/26, while increasing its forecast for corn production, area harvested, and consumption. Post increases its estimates on milled rice and corn production in MY 2024/25 due to more favorable weather conditions beginning the first quarter of 2025. Continued support from the government for the rice industry and the sale of subsidized milled rice supports the estimated increase in rice production. Corn farmers also have an increased technical knowledge in handling the fall armyworm, which contributes to the estimated increase in corn production in MY 2024/25. FAS Manila maintains its estimates on wheat imports and consumption in MY 2024/25 due to sustained demand for milling wheat, including feed wheat for the aquaculture industry.