Philippines: Pig sector not expected to recover until 2024 due to ASF

Published Sep 28, 2021

Tridge summary

The USDA GAINS report forecasts a significant decrease in feed wheat consumption in the Philippines for MY 2021-22, by 100,000 Mt, due to the ongoing impact of African swine fever (ASF) on the country's swine feed demand. This reduction in hog feed demand is expected to adversely affect the wheat demand, with the hog sector not likely to fully recover until 2024. Consequently, wheat imports are projected to drop by 300,000 Mt. In contrast, maize production is estimated to increase by 150,000 Mt to 8.15m Mt, and maize feed and residual consumption is expected to rise by the same amount, supported by a 2% increase in poultry feed demand.

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

Original content

Feed wheat consumption in the Philippines is expected to be significantly lower in MY 2021-22 compared to the previous year due to the continued challenge of African swine fever (ASF). Swine feed demand is particularly undermined, and a USDA GAINS report anticipates that feed wheat use in that country will be reduced by 100,000 Mt in marketing year 2021-22. “Hog feed demand will remain flat throughout 2022 due to the continued damaging effects of ASF on the local hog herd. There have been additional outbreaks in areas around Luzon which were previously the country’s top-producing provinces.” The USDA estimates total pork production in the Philippines for the coming year will be at 1.0 million Mt CWE, 5.5% lower than the prior year’s output of 1.059 million Mt CWE. “The hog sector’s decline, as a major consumer of feed wheat, has dampened wheat demand through MY 2021-22. Industry contacts say that the sector is not expected to fully recover until 2024.” Wheat imports into the ...

Source: UKfeednavigator