Highlights

Post concurs with the official USDA wheat and corn estimates. For rice, production and area harvested in MY 16/17 were adjusted upwards based on the latest Philippine government data. On May 18, 2017 Executive Order 20 (EO 20) was published and confirmed out-of-quota rice tariffs at the current rate of 50 percent through 2020. On May 24, 2017 Executive Order 23 (EO 23) was published extending in-quota rice tariffs at 35 percent from July 1, 2017 through Dec. 31, 2020, or until an amendment to the Agricultural Tariffication Act is enacted.

Wheat

Wheat

2015/2016

2016/2017

2017/2018

Market Begin Year

Jul 2015

Jul 2016

Jul 2016

Philippines

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Harvested

0

0

0

0

0

0

Beginning Stocks

1128

1128

1124

1124

1309

1309

Production

0

0

0

0

0

0

MY Imports

4850

4850

5500

5500

5650

5650

TY Imports

4850

4850

5500

5500

5650

5650

TY Imp. from U.S.

2274

2274

0

0

0

0

Total Supply

5978

5978

6624

6624

6959

6959

MY Exports

54

54

90

90

50

50

TY Exports

55

55

90

90

50

50

Feed and Residual

2200

2200

2350

2350

2450

2450

FSI Consumption

2600

2600

2875

2875

3000

3000

Total Consumption

4800

4800

5225

5225

5450

5450

Ending Stocks

1124

1124

1309

1309

1459

1459

Total Distribution

5978

5978

6624

6624

6959

6959

Corn

Corn

2015/2016

2016/2017

2017/2018

Market Begin Year

Jul 2015

Jul 2016

Jul 2016

Philippines

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Harvested

2420

2420

2680

2680

2700

2700

Beginning Stocks

682

682

279

279

489

489

Production

6970

6970

8110

8110

8300

8300

MY Imports

727

727

700

700

400

400

TY Imports

644

644

700

700

400

400

TY Imp. from U.S.

80

80

0

0

0

0

Total Supply

8379

8379

9089

9089

9189

9189

MY Exports

0

0

0

0

0

0

TY Exports

0

0

0

0

0

0

Feed and Residual

6000

6000

6400

6400

6600

6600

FSI Consumption

2100

2100

2200

2200

2200

2200

Total Consumption

8100

8100

8600

8600

8800

8800

Ending Stocks

279

279

489

489

389

389

Total Distribution

8379

8379

9089

9089

9189

9189

Rice, Milled

Rice, Milled

2015/2016

2016/2017

2017/2018

Market Begin Year

Jul 2015

Jul 2016

Jul 2016

Philippines

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Harvested

4523

4523

4600

4705

4500

4500

Beginning Stocks

2210

2210

1810

1810

1410

1580

Milled Production

11000

11000

11500

11670

11200

11200

Rough Production

17460

17460

18254

18524

17778

17778

Milling Rate (.9999)

6300

6300

6300

6300

6300

6300

MY Imports

1600

1600

1000

1000

1800

1800

TY Imports

800

800

1400

1400

1800

1800

TY Imp. from U.S.

0

0

0

0

0

0

Total Supply

14810

14810

14310

14480

14410

14580

MY Exports

0

0

0

0

0

0

TY Exports

0

0

0

0

0

0

Consumption and Residual

13000

13000

12900

12900

12900

12900

Ending Stocks

1810

1810

1410

1580

1510

1680

Total Distribution

14810

14810

14310

14480

14410

14580