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

Published 2024년 4월 3일

Tridge summary

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.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Philippine Star on March 25, the U.S. Department of Agriculture's Foreign Agricultural Service (USDA-FAS) said in its latest annual report on grains and feed that the increase in Philippine bread demand and the decline in global wheat prices will push the Philippines' wheat imports in the 2024/25 marketing year (July 2024 to June 2025) from the current 5.8 million tons to 5.9 million tons. Among them, ...

Source: Foodmate