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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.

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...

Sri Lanka does not produce genetically engineered (GE) crops or animals. There is some GE research at the laboratory level, but there is no commercialization. The lack of a legal framework and biosafety procedures are a major setback; the country...

The Democratic Socialist Republic of Sri Lanka’s (Sri Lanka) Ministry of Finance, Economic Stabilization and National Policies recently introduced a Special Commodity Levy for three agricultural commodities: maize (corn), black gram, and green gram, effective August 18, 2023, for a period of six-months.

The Philippine Department of Agriculture released "Guidelines on Targeted Vaccination as a Complementary Tool for the Control of Avian Influenza (AI)" on November 3, 2023.

The Sugar Regulatory Administration (SRA) released Sugar Order (SO) No. 10 or the Rules and Regulations on the Issuance of Premix Commodity Release Clearance (PCRC). SRA expanded the list of premix commodities subject to laboratory inspection upon import, which includes sugar syrups, including flavored or colored, chocolate confectionery, and gelatin.

The Philippines issued sugar policy (Sugar Order No. 1) for marketing year (MY) 2023-2024 allocating 100 percent of the estimated 1.85 million metric tons (MT) production to the domestic market.

FAS Manila forecasts demand for dairy products to increase 3 percent to 3.5 million metric tons (MT) in liquid milk equivalent (LME) in 2024, as high prices slow growth in consumer demand. The Philippines imports 99 percent of its dairy requirement...