Philippines: Grain and Feed Update
Link to report:
Post increases the MY 21/22 estimate for milled rice production to 12.5 million MT on positive first-quarter production data while holding imports unchanged. Meanwhile, poor results in corn production lead Post to slash the production outlook to 7.5 million MT and expand imports to a would-be record 1.2 million MT in order to satisfy current demand. Finally, Post lowers wheat imports to 6.3 million MT as both demand for hog feed remains soft and higher-priced consumer wheat products begin to hit the shelves.
