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:April 08,2025 Report Number:RP2025-0022 Report Name:Oilseeds and Products Annual Country:Philippines P

2、ost:Manila Report Category:Oilseeds and Products Prepared By:Tricia Joy Arroyo&Herpin Rochet Jateng Approved By:Michael Ward Report Highlights:FAS Manila forecasts soybean meal imports in Marketing Year(MY)2025/26 to increase by 3.1 percent to 3.35 million metric tons(MMT)compared to the previous MY

3、,due to an increase in local feed demand from the broiler,layer,aquaculture,and pet food industries,along with the forecast gradual rebound of the swine industry.Copra crush is forecast to marginally rebound in MY 2025/26 due to better weather conditions,leading to higher coconut oil production.Desp

4、ite an increase in coconut oil production,FAS Manila forecasts coconut oil exports to remain flat in MY 2025/26,due to an increase in local demand for coconut oil for biodiesel blending.Palm oil imports,a substitute for coconut oil for both cooking and industrial applications,is forecast to increase

5、 in MY 2025/26 to supplement supply gaps in coconut oil.2 Executive Summary The Philippines is an importer of soybean meal(SBM),a major protein source for animal feed.FAS Manila forecasts SBM imports in Marketing Year(MY)2025/26 to increase by 3.1 percent to 3.35 million metric tons(MMT)compared to

6、the previous MY,due to a forecast increase in feed demand from the broiler,layer,aquaculture,and pet food industries,coupled with the forecast gradual rebound of the swine industry.The United States is the preferred source of SBM with over 80 percent market share,due to its high quality and establis