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The Philippines is the ninth largest export market for U.S. agricultural products and its largest market for consumer-oriented products in Southeast Asia.
The Philippines is a biotechnology leader in Southeast Asia, highlighted by its co-sponsorship of the International Statement on Agricultural Applications of Precision Biotechnology...
The Philippines imports virtually all of its dairy products, especially milk powder, as domestic production cannot meet the country’s dairy demand of nearly 3.0 MMT liquid milk...
Philippine raw sugar production in MY 2020/21 is projected to reach 2.19 MMT, up two percent from the previous year due to improved sugar cane genetics and farm management.
While the Philippine food service sector was set to grow eight-plus percent in 2020 to $16 billion, COVID-19 related measures have reduced prospects to less than $7 billion.
The dual crises of the COVID-19 pandemic and African Swine Fever have impacted the Philippine hog and chicken sectors, traditionally the strongest performers in the agricultural economy.
Post expects a larger drop in pork production of 20 percent in 2020 as African Swine Fever remains a major concern in Luzon and parts of Mindanao.
The Philippine food retail sector has grown 25 percent over the past five years, reaching approximately $50 billion in 2019.
Due to low farm gate prices in the second quarter of 2020 as a result of the challenges of COVID-19, Post has lowered chicken meat production to three percent growth over the 2019 level.
Philippine economic planners expect the gross domestic product to contract by 2.0 to 3.4 percent in 2020 due to the strict quarantine conditions in response to the coronavirus disease 2019...
On May 19, 2020, the Philippines formally granted market access to U.S. bovine embryos, leveling the playing field for U.S. exporters vis-à-vis the competition in Australia and Canada.
Republic Act No. 11467 increased the excise tax imposed on alcohol products effective on January 1, 2020.