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Tag: supply and demand of flour in the philippines

Growing Wheat in the Philippines

Growing Wheat in the Philippines

Agriculture
With the looming food crisis due to continuing military conflict between Russia and Ukraine, many countries are already in dire need of wheat flour.  Wheat supply in the Philippines is now becoming one of the major agricultural supply problems. Before the war, Ukraine is the world's ninth-largest wheat producer and is forecasted to be the seventh-largest exporter for the 2022/23 marketing year. With millions of tons of wheat stranded in the country’s Black Sea ports, the world supply of wheat is highly affected. The Philippines is among the top five countries that are expected to comprise a quarter of the world’s wheat imports over the next 10 years as bread and feed consumption are both going up, the Organization for Economic Cooperation and Development (OECD) said. In 2020, Ukra...