Philippines: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   RP2022-0021

Contact:

Office of Agricultural Affairs, Manila   |   (011-632) 301-4900

Link to report:

Philippines: Oilseeds and Products Annual

The Philippines is the largest market for U.S. soybean meal (SBM) and a top coconut oil exporter. The country is also a major palm oil market for neighboring ASEAN countries. The loosening of COVID-related restrictions and the corresponding economic rebound are expected to support greater demand for soybean meal. Post forecasts Market Year (MY) 2022/23 SBM imports to grow 3 percent to 2.725 million metric tons (MT). Typhoon Rai (local name Odette) reached the Philippines in December 2021 and damaged coconut trees, resulting in Post forecasting declines in MY 2022/23 for copra and coconut oil production and exports. Meanwhile, the continuing conflict in Ukraine is expected to push palm oil prices up and constrain imports.

East Asia and the Pacific, Philippines
Oilseeds, Soybeans, Oilseeds (excl. soybean)

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.