Browse Data and Analysis

FAS Manila forecasts marketing year (MY) 2025 raw sugar production of 1.85 million metric tons (MT). With high prices, more farmers have planted sugarcane, but some farms with no irrigation are suffering from the ongoing El Niño, which stunted sugarcane growth and could result in lower yields in MY 2025.

Sugar cane production in marketing year (MY) 2025 is forecast at 10.2 milllion metric tons (MMT). Cane sugar production in MY 2025 is forecast to reach 1.3 MMT, increasing 14 percent compared to the previous year.

FAS Manila forecasts MY 2024/25 soybean meal imports to reach 3.2 million metric tons (MMT), an increase of 4 percent attributed to the growing feed demand for livestock, poultry, and aquaculture. The projected 3 percent growth in soybean meal equivalent (SME) consumption coincides with the forecasted 3 percent increase in livestock production during the same period.

On February 15, 2024, the Minimum Access Volume (MAV) Management Committee issued an Administrative Circular (AC) that increased the annual MAV or Tariff Rate Quota for chipping potatoes from 30,000 to 60,000 metric tons (MT).

Peru has a robust food processing industry that is an integral part of its economy. The food industry contributes to nearly 27 percent of the country's industrial gross domestic product (GDP). However, the non-primary manufacturing sector, which encompasses food and beverage production, experienced a decline of 8.1 percent in 2023.

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.

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.

Wheat imports in marketing year (MY) 2024/2025 are forecast at 2 million metric tons (MMT). Canada led the Peruvian wheat market in calendar year (CY) 2023 with 72 percent market share.

After the 2023/24 El Niño cycle, fishmeal production in marketing year (MY) 2024/25 is expected to recuperate back to 1.1 million metric tons (MMT), a 39 percent increase compared to the previous year's estimates.

Following nearly exponential growth in the last decade, Peru's blueberry export volume fell in 2023 as a result of warmer weather conditions, especially in the principal production areas of northern Peru, which severely limited flowering between March and October.

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...

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.