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Philippines among top US markets for soybean cake, meal

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THE United States Department of Agriculture (USDA) said that the net sales to the Philippines of US soybean cake and meal as well as wheat increased during the week of April 12-18, 2019.

According to USDA’s export sales report, net sales of 329,100 metric tons (MT) for delivery in 2018 to 2019 increased by 11% from the previous week, and was 82% higher than the prior 4-week average.

“Increases were reported for the Philippines (139,100 MT), Colombia (89,800 MT)… Italy (38,000 MT)… and Mexico (32,400 MT), USDA said in the report.

For delivery between 2019 and 2020, the Philippines was also one of the top destinations with 52,100 MT. Others were Poland (64,400 MT), Mexico (51,600 MT), Ecuador (26,300 MT), and Canada (22,400 MT).

For wheat, it estimated net sales of 425,300 MT overall for delivery in 2018 to 2019, up 34% compared with the previous week, but 4% down compared to the average in the prior 4 weeks.

“Increases were reported for Mexico (160,800 MT)…, Nigeria (80,900 MT)…, Mozambique (52,800 MT)…, Tanzania (45,000 MT), and the Philippines (37,900 MT).




The Philippines was not listed as one of the primary destinations for exported wheat for 2019-2020. — Vincent Mariel P. Galang