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As inflation eases, Post forecasts food sales growth at five percent in 2025 driven by population growth and rising incomes. Food and beverage manufacturing is expanding, indicating solid growth in the sector, amid higher production costs, particularly for inputs.
FAS Manila forecasts an increase in milled rice production in Marketing Year (MY) 2025/26 compared to the previous MY, due to favorable weather conditions and an increase in government funding for the rice industry.
The Philippine Statistics Authority (PSA) has approved the lowering of the milling recovery rate (MRR) of palay to rice from 65.4 to 63.0 percent.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
The U.S. continues to be the Philippines’ number one supplier of agricultural products, and the Philippines is its 9th largest market in the world.
This report outlines Philippine government requirements for the importation of food and agricultural products.
The Philippines’ food service industry continues to grow, driven by the strong economic performance and high consumer confidence in 2013.