Philippines' wheat imports forecast at 5.9 million tonnes in 2024/25 marketing year

The USDA-FAS projects an increase in the Philippines' wheat imports to 5.9 million tons for the 2024/25 marketing year, a slight rise from the previous year's 5.8 million tons. This growth is attributed to a higher demand for bread and a decrease in global wheat prices. The forecasted imports will consist of 3.2 million tons of milling wheat, primarily for bread production, and the rest will serve as feed wheat, offering an alternative to corn in poultry feed.