Philippines: Grain and Feed Update
Post concurs with the USDA Official wheat estimates. Typhoon Koppu passed through the Philippines in October 2015 resulting in flooding of grain areas in Luzon. Corn losses were minimal as the majority of the crop was already harvested, but damage to rice was considerable. As a result, MY15/16 corn and rice production are expected to decline from MY14/15 levels. MY15/16 corn area harvested will likely remain flat, while rice areas are expected to decline from the MY14/15 level. MY15/16 rice imports were raised 200,000 tons to 2.1 million tons in anticipation of the El Nino dry spell through mid-2016.
