Philippines: Grain and Feed Annual

FAS Manila forecasts marginal growth in rice and corn production in Marketing Year (MY) 2026/27, supported by government investment and favorable dry season weather, but tempered by rising input costs and risk of natural disasters. Rice consumption is forecast to rise with population growth in MY 2026/27, while higher retail prices may limit demand growth. Imports are projected to increase to supplement domestic rice supply in MY 2026/27. Corn imports and total consumption are forecast to increase in MY 2026/27. Corn ending stock for MY2026/27 is also expected to increase due to higher stock carryover from MY 2025/26 and decreased feed demand from the hog industry. Wheat consumption is forecast to increase in MY 2026/27, driven by increased demand for milling and feed wheat, while total wheat imports may decline as feed wheat demand moderates. Wheat stocks are expected to decrease in MY 2026/27, reflecting reduced price competitiveness of imported feed wheat over imported corn.