Philippine corn production and imports seen to rise

The pig industry is also projected to gradually recover, aided by government efforts to repopulate hog farms.

Rising corn demand and imports

FAS Manila forecasts feed corn consumption to grow by 2% in MY 2025/26, reaching 7.75 million tons.

Broilers have the highest usage of feed corn (50-60%), followed by layers (40-50%), swine (20-40 %), and aquaculture (30-35%).

Corn remains the preferred feed ingredient among local producers due to its higher nutritional value compared to feed wheat and broken rice.

The composition of feed ingredients is not expected to change significantly in MY 2025/26.

Increase in corn imports

The Philippines is expected to import 1.75 million tons of corn in MY 2025/26, marking a 7.4% increase year-on-year, as domestic production fails to keep up with rising demand.

Between July and December 2024, import prices of corn in the Philippines fell, following global trends.

Corn from Brazil, the US, and Myanmar became cheaper, leading to higher imports compared to the same period in 2023.

However, corn from Argentina and Vietnam became more expensive, causing a drop in imports from these countries.

Looking ahead, global corn production is expected to rise, likely pushing prices down further. As a result, corn imports in the Philippines are projected to increase in MY 2025/26.