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Vietnam’s cotton imports for marketing year 2024/25 (MY 2024/25) are estimated at 6.8 million bales, up 4 percent over MY 2023/24 based on an expected recovery in global demand for textiles and garments by late 2024.

The Government of Vietnam (GVN) issued Decree 144/2024/ND-CP on November 1, 2024, lowering Most-Favored-Nation (MFN) tariff rates on soybean meal to one percent from two percent. The Decree will enter into force on December 16, 2024.

The Philippines has been a pioneer within Asia in adopting biotechnology crops. On April 17, 2024, the Court of Appeals (CA) ruling on the Writ of Kalikasan revoked the biosafety permit for commercial propagation of golden rice and directed the University of the Philippines Los Baños (UPLB) to cease and desist from commercially propagating and conducting activities relating to Bt eggplant.

On October 4, 2024, the Philippine Department of Agriculture amended Department Order No. 16 (2024), removing mechanically deboned or separated meat of chicken (HS Code 0207.14.91) from the list of agricultural products subjected to a price-based special safeguard (SSG) measure. T

Post forecasts demand for dairy products to increase 2 percent to 3 million metric tons (MMT) in liquid milk equivalent (LME) in 2025.

This report provides an unofficial translation of Vietnam's Government Decree 120/2024, issued on September 30, 2024.

Growth in the agricultural sector slowed in the first nine months of 2024 due to extreme weather, particularly Typhoon Yagi, which severely affected crop cultivation and livestock farming.

President Ferdinand R. Marcos Jr. signed into law Republic Act (RA) No. 12022 or the Anti-Agricultural Economic Sabotage Act, which classifies agricultural smuggling, hoarding, profiteering, and engaging in a cartel as economic sabotage.

Starting October 1, 2024, the Philippines moved to a B3 or 3 percent coco-methyl ester (CME) biodiesel mandate, from 2 percent previously. The blend will gradually increase to 4 percent in October 2025, and to 5 percent in October 2026.

The Philippine Department of Agriculture issued Department Order No. 16 (2024) on October 1, 2024, requesting the Bureau of Customs to continue imposing price-based special safeguard (SSG) measure on thirteen (13) agricultural tariff lines and impose price-based SSG on four (4) additional agricultural products.

Vietnam’s food retail market consisted of over 665,000 outlets generating sale revenue of $55 billion in 2023, up four percent compared to 2022. Although the global economic downturn has slowed growth, key retailers remain optimistic about the potential of Vietnam's retail market.

FAS Manila forecasts raw sugar production at 1.85 million metric tons (MT) for marketing year (MY) 2025, higher than the Sugar Regulatory Administration’s (SRA) forecast of 1.78 million MT, due to an expansion in area planted and improvements in weather conditions from the previous El Niño, which is expected to provide better production in MY 2025.