Due to the ongoing challenges in the local swine sector, the Philippines’ demand for soybean meal from the United States is expected to fall below 2.6 million metric tons (MT) in the 2024-2025 market year.
This decline is driven by reduced animal feed demand, particularly in swine production, which continues to be affected by African swine fever.
However, stronger demand from the poultry and dairy sectors is partially offsetting this drop.
In the previous market year, US soybean meal exports to the Philippines rose by over 20%, as local feed manufacturers found US soybean meal to be more economical due to its quality and price.
The Philippines, which remains the top market for US soybean meal, could benefit from lower prices if China imposes retaliatory tariffs on US exports, potentially redirecting more US soybean meal to the Philippines.
Source: PhilNews24 | March 23, 2025
PHILIPPINES EASES DEPENDENCE ON US SOYBEAN MEAL IMPORTS
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