Philippines: Grain and Feed Update
Link to report:
FAS Manila increases its forecast for rough rice and corn production in Marketing Year (MY) 2025/26, supported by favorable weather and continued government support programs. Wetter weather conditions in the third quarter of 2025 and limited access to mechanical dryers have tempered the increase in rice and corn output in MY 2025/26. Post forecasts rice imports to decline in MY 2025/26 due to the 60-day import ban, partially offset by higher stock carryover from MY 2024/25. Post also forecasts moderate growth in feed corn and feed wheat consumption in MY 2025/26 due to hog repopulation challenges compared to MY 2024/25, while milling wheat demand during the same period remains strong, driven by population growth and rising incomes.