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- (-) March 2015
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In 2014, drought in major northern cattle regions significantly increased turnoff and reduced the size of the cattle herd.
U.S. food and beverage (f&b) exports to the Philippines grew 11 percent in 2014 and reached a record $1.1 billion.
Wheat imports are forecast to reach 3.95 million tons in MY14/15 and to slightly over 4 million tons in MY15/16 due to strong demand as a result of shifting diets of the Philippine middle class.
Australia is one of the world’s leading wine producers and exporters. Production for the 2015 wine vintage is forecast to rise to 1.6 million tons of grapes.