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As the Philippines’ economic growth outpaces its neighboring countries, the market presents stronger opportunities this year for U.S. food and beverage ingredients, including wheat, dairy products, poultry, pork, beef, starch products, processed and dried fruits, food preparations, and soy.

Guatemala continues to be a net importer of both yellow corn and rice. Corn area and production in MY2024/2025 are forecast to slightly increase to keep up with increased consumption for both food and feed; the avian sector keeps steady growth at 3-4 percent annually.

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.

Metropolitan Cebu offers strong opportunities for direct shipments of U.S. agricultural exports. As the largest domestic shipping port, Cebu serves as a distribution hub for agricultural exports to the Philippines. Located in one of the highest...

U.S. exports of agricultural products to Guatemala in 2022 increased 11.2 percent from 2021, reaching $1.8 billion. The Guatemalan economy relies on foreign exchange generated by international trade, remittances, and the tourism sector.

As one of the world’s fastest growing markets, the Philippines presents export opportunities for U.S. food and beverage products including dairy, poultry, pork, beef, processed and fresh vegetables, fresh fruit, food preparations, sauces, condiments, chocolate and cocoa products, chewing gum and candy, dog and cat food, and bakery products.

On December 22, 2023, President Ferdinand Marcos, Jr. signed Executive Order No. 50 (EO 50) extending lower tariffs on pork, corn, and rice for another year or until December 31, 2024. EO 50 was published on December 26, 2023, and took effect immediately upon publication.

FAS Manila maintains its September 2023 forecast for rice and corn production and imports, but lowers its forecast slightly for wheat imports to 6.0 million metric tons.

The Philippines is expected to experience economic growth between 2025 and 2070, due to a shift in its demographics, necessitating a robust and efficient food distribution system.

On August 23, 2023, the Philippine Department of Agriculture issued Memorandum Circular No. 37 (2023), an Addendum to the Bureau of Animal Industry Memorandum Circular No. 26 (2021), which requires traders to submit a Feed Utilization Report and...

The Philippines has been a pioneer within Asia in adopting biotechnology crops, and recently approved Bt cotton as the 4th genetically engineered (GE) crop cleared for commercial propagation after corn (2002), rice (2021), and eggplant (2022). The...

Philippine imports of processed vegetables grew 35 percent year on year, reaching $460 million in 2022. Imports increased 40 percent as of August 2023, coinciding with a five percent rise in GDP during the first half of the year. The United States...