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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.
Attaché Report (GAIN)

Philippines: Grain and Feed Update

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...
Attaché Report (GAIN)

Philippines: Agricultural Biotechnology Annual

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...
Attaché Report (GAIN)

Philippines: Sugar Annual

Market Year (MY) 2019/20 sugar consumption is forecast to increase marginally to 2.3 million metric tons (MMT), following a flat 2018/19 when sugar sweetened beverage consumption slowed....
Attaché Report (GAIN)

Philippines: Oilseeds and Products Annual

The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.
Attaché Report (GAIN)

Philippines: Rice Tariffication Guidelines Approved

On March 5, 2019, the Implementing Rules and Regulations (IRRs) of the Rice Tariffication Act were signed, specifying how the Philippines will replace its quantitative restrictions on rice imports....
The robust local beer manufacturing industry presents strong opportunities for U.S. exporters of brewing ingredients. Beer is the most widely consumed alcoholic beverage....