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The Philippines has two laws to provide tariff and tax exemptions that support the importation of raw materials and/or inputs for the benefit of local agricultural production.
The Third Edition of the Philippine Department of Agriculture's Avian Influenza Protection Program (AIPP) Manual of Procedure was finalized in 2020.
The Philippine Department of Agriculture (DA) will soon execute a $10 Million fuel subsidy program for farmers and fishers to reduce production costs (PhP500 Million).
The Philippine Department of Agriculture has extended the temporary 90-day validity of SPS Import Clearances for imported meat and poultry through December 31, 2022.
An Online Public Consultation on the new Draft Fisheries Administrative Order on the Rules and Regulations Governing Food Safety and Traceability of Imported Fish is set for Wednesday, January 12 at 9:00 AM (Manila Time).
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.
FAS Manila raises 2022 pork production by 25,000 MT to 1.025 million MT, as some commercial hog raisers report herd rebuilding efforts. Significant repopulation remains constrained, however, by continued African Swine Fever (ASF) cases and the lack of a vaccine.
Post sees Philippine biofuels consumption partially recovering in 2021 due to the loosening of quarantine restrictions, as ethanol demand grows 9 percent to 570 million liters and biodiesel increases 9 percent to 175 million liters.
The Philippines is the ninth largest market for U.S. agricultural exports and the largest destination for U.S. consumer-oriented products in Southeast Asia. The United States is the largest single-country supplier of agricultural products, although ASEAN countries benefit from lower tariffs and have more market share as a group.
Since the start of COVID-19, Philippine consumers have incorporated more fresh fruit into their diet. Global exports of fresh fruits to the Philippines increased 36 percent to $695 million in 2020 and are forecast to grow five percent in 2021.
The Philippine Bureau of Internal Revenue (BIR) on November 10, 2021 issued Revenue Memorandum Circular No. 112-2021, clarifying that all imported unprocessed fruits and vegetables are exempt from the 12 percent value-added tax.
FY2021 agricultural exports reach record levels.