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The Philippines is the largest market for U.S. soybean meal (SBM) and the world’s top coconut oil (CNO) exporter.
The Philippines’ rapidly expanding processed food and beverage industry presents robust opportunities for U.S. exporters of agricultural raw materials and high-value ingredients.
Increased spending and growing dining habits of the emerging middle class in the Philippines have contributed to the growth of the HRI sector by 6.7 percent from 2015 with sales of US$12 billion.
Implemented in January 2018, a Philippine tax reform program that cuts personal income taxes should increase disposable incomes and raise food and feed consumption in MY18/19 onwards.
Local ethanol production is expected to increase through 2017 due to a modest buildup in capacity.
In a July 26, 2016 press briefing, the Philippine Supreme Court (SC) reversed its December 2015 decision stopping the field testing, propagation, commercialization, and importation of genetically...