Ph food imports inch up 1% in 2016
Philippine food imports inched up by one percent in 2016 to &6.2 billion in 2016 as decline in rice and dairy product imports offset the growth in other food products.
According to data from the Philippine Statistics Authority, rice imports plunged by 67 percent last year to $195 million from $586 million as the recovery of the sector meant less imports.
Dairy products dropped by 1.7 percent to $808 million from $821 million due in part to weaker world market prices.
The country’s imports of fruits and vegetables, however, increased by 13 percent to $756 million and shipments of fish and fish preparation expanded by 3.2 percent to $373 million from $361 million.
Imports of beverages and manufactured tobacco jumped by 21 percent to $277 million but imports of unmanufactured tobacco dropped by 20 percent to $158 million.
Imports of wheat fell by 18 percent to $935 million because of lower world market prices while imports of corn inched up by two percent to $186 million.