1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:June 24,2026 Report Number:RP2026-0017 Report Name:Grain and Feed Update Country:Philippines Post:Mani
2、la Report Category:Grain and Feed Prepared By:Tricia Joy F.Arroyo Approved By:Herpin Rochet Jateng Report Highlights:FAS Manila lowers its milled rice and corn production forecasts for Marketing Year(MY)2026/27,driven by rising input costs,lower dam water levels,and weak planting intentions.Rice con
3、sumption is forecast to remain stable in MY 2026/27 compared to the previous forecast,as population-driven demand continues to outweigh the moderating effect of rising retail prices,while imports are projected to increase to supplement lower domestic supply.Corn imports and consumption are forecast
4、to increase in MY 2026/27,driven primarily by continued growth in the feed sector,while ending stocks decline as consumption outpaces production and import gains.Wheat consumption and imports are forecast to increase in MY 2026/27,driven by higher demand for milling wheat supported by population gro
5、wth and dietary diversification,while feed wheat use remains stable compared to the previous forecast.2 Executive Summary FAS Manila lowers its milled rice production forecast for Marketing Year(MY)2026/27,driven by rising input costs,lower dam water levels,and weak planting intentions.Fertilizer pr
6、ices have risen sharply since March 2026,with urea prices surging by more than 55 percent in June 2026 compared to the same month in 2025,reducing farmer profitability and limiting the incentive to expand planted area.Significantly reduced water levels in key dam reservoirs as of June 2026 pose an a