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On February 14, 2019, President Rodrigo Duterte signed Republic Act (RA) No. 11203, converting quantitative restrictions on rice imports into tariffs.
The Philippines’ rapidly expanding production of processed foods and beverages presents robust opportunities for U.S. exporters of agricultural raw materials and high-value ingredients.
Market Year (MY) 2017/18 raw sugar production is expected to drop to 2.3 million metric tons (MMT) from 2.5 MMT in MY 2016/17 due to unfavorable weather conditions and lower sugar content....