PH dairy imports seen dropping 15% this year

By Janine Alexis Miguel

Nov 20, 2023 12:41 am

THE Philippines' dairy imports are expected to drop by 15 percent this year due to currency devaluation, a report from the United Nations' Food and Agriculture Organization (FAO) showed.

'Import contractions are likely in several other leading dairy importers, including the Philippines, Indonesia and Malaysia, mainly due to less-than-expected growth in food services sales and currency depreciations,' FAO said.

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