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The COVID-19 pandemic and ensuing movement control orders have severely impacted the Malaysian hotel, restaurant, and institutional (HRI) industry, with a significant decline of 71.2 percent to $12.5 billion in tourism receipts in 2020.
Post is adjusting its MY 2021/22 crude palm oil (CPO) production forecast down 1.5 million metric tons (MT) from the USDA Official estimate to 18.2 million MT.
Malaysia’s total agricultural product imports in 2020 reached nearly $19 billion, and approximately eight percent are sourced from United States.
Post adjusted the Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down by 8,000 tons to 18.7 million tons. COVID-19 has caused acute labor shortages as the Government of Malaysia (GOM) halted the intake of new foreign workers indefinitely, while allowing foreign workers with expired work permits to return home, thus exaggerating the labor issues.
The increase in economic growth and disposable income in countries with large Muslim populations presents an opportunity for U.S. agricultural exporters
Effective January 1, 2021, Malaysia has revised its labeling requirements for chilled and frozen beef.
Parties interested in exporting to Malaysia should be aware that country is strictly enforcing nutrition labeling requirements for processed foods.
Post forecasts that consumption of corn and wheat in Malaysia will gradually rebound in marketing year 2021/22 with rice consumption slightly down as consumers return to eating outside the home.
Post forecasts domestic consumption of cotton by the Malaysian textile industry at 350,000 bales in marketing year (MY) 2021/22 on presumed economic growth in Malaysia and strong consumer demand for textiles in the United States and the European Union.
Post estimates Malaysian crude palm oil (CPO) production in marketing year (MY) 2020/21 at 19
On January 25, 2021, Malaysia notified new requirements for the importation of grains and grain products to the WTO.
This report provides information on the export certification requirements of the Government of Malaysia.