required report public distribution date 5 2004 gain number rp4021 philippines oilseeds and products annual approved by david c miller fas manila prepared perfecto g corpuz highlights copra meal coconut oil cno production will increase through my04 05 as philippine improves no exports are expected during the period however while remain flat to decline slightly in my03 04 but likely due lower tariffs on eu for soybeans imports contract from last year s level tight global supplies next soybean sbm 2005 strong feed demand fishmeal higher local consumption is supply normalizes includes psd changes yes trade matrix rp1 rp usda foreign agricultural service agriculture information network template version 2 09 page of 19