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- (-) October 2023
- (-) Philippines
- (-) Venezuela
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FAS Manila forecasts demand for dairy products to increase 3 percent to 3.5 million metric tons (MT) in liquid milk equivalent (LME) in 2024, as high prices slow growth in consumer demand. The Philippines imports 99 percent of its dairy requirement...
FAS (Post) revises Venezuela corn and rice production higher for market year (MY) 2023/2024 due to improved access to higher-quality agricultural inputs and seeds, and favorable weather conditions.
Since 2013, Venezuela’s total meat consumption has declined 66 percent due to prolonged economic collapse. However, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector.
FAS Manila projects the food service sector to grow at 20 percent as the tourism and hotel industry improves in 2023.