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Brazil is the world’s second-largest ethanol and third-largest biodiesel producer but has yet to introduce renewable diesel or sustainable aviation fuel. Post forecasts total ethanol production at 32.5 billion liters in CY 2024, with cane ethanol forecast at 25.5 billion liters and corn ethanol production at seven billion liters.

On August 20, 2024, the Philippines notified the World Trade Organization (WTO) of GBT/TBT/N/PHL/336 on the Guidelines on the Adoption of Codex Guidelines for Ready-To-Use Therapeutic Foods (RUTF) (CXC 95-2022) as Technical Regulation.

The Philippines recently notified regulations on follow-up formula or milk supplements and products for young children to the World Trade Organization.

Brazil is the third-largest cattle producer and second-largest beef exporter in the world. Post forecasts decreased slaughter in 2025, due to the forecasted start of the reversion of the cattle cycle. Producers are likely to start retaining cattle in 2025, driving calf prices upwards.

FAS Manila forecasts 2025 beef/carabeef and pork imports at 226,000 and 510,000 metric tons carcass weight equivalent, respectively. Strong economic growth, moderating inflation, and forecast population increases support higher meat imports in 2025.

The Philippines issued Sugar Order No. 5 (SO5) announcing the importation of 240,000 metric tons (MT) of refined sugar, the first sugar import program for marketing year (MY) 2024-2025 which starts in September 2024 and ends in August 2025.

The Philippines is set to resume raw sugar exports to the United States under its sugar quota in August 2024. The Sugar Regulatory Administration (SRA) issued Sugar Order (SO) No. 3 on July 26, approving the export of 25,300 metric tons raw value (MTRV) of raw sugar in fulfillment of the United States tariff rate quota (TRQ) allocation for fiscal year 2024.

With the expected end of the El Niño weather phenomenon, which severely impacted corn productivity this 2023/24 harvest, Post forecasts a year-on-year increase in corn production for MY 2024/25 (March 2025 – February 2026) at 127 MMT.

The Government of Brazil (GoB) announced a nominal record in funds for 2024/25 Crop Plan, the main agricultural credit and financing public policy, at R$ 475.5 billion (US$ 88.2 billion).