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As Malaysia's economy begins to recover from COVID-19 impacts, U.S. exporters can find strong opportunities in the retail food and food processing sectors. While recovery may take longer in the HRI sector, Malaysians' love of dining out and continued development of tourism will contribute to future growth in this area.
Post revised its MY 2021/22 crude palm oil (CPO) production downward from 18.2 million tons to 18.0 million tons, taking into account the effect of anomalous weather from the super typhoon Rai (a month of rain recorded in one day on December 18 in Peninsular Malaysia) and the continuing acute labor issue the industry has faced since 2019.
This report provides information on the regulations and procedures for the importation of food and agricultural products from United States to Malaysia. This report supplements the Malaysia Food and Agricultural Import Regulations and Standards (FAIRS) – Export Certificate Report 2021.
This report provides information on the export certification requirements of the Government of Malaysia. This report supplements the Malaysia Food and Agricultural Import Regulations and Standard (FAIRS) – Country Report 2021.
The Covid 19 pandemic not only affected biodiesel consumption, but also delayed the implementation of B20 mandate in Malaysia. Biodiesel production in 2021 is expected to drop by 16 percent to 1.05 billion liters, as exports are negatively impacted by the price of CPO at an all time high throughout 2021.
The COVID 19 pandemic in Malaysia saw most government agencies operating at minimum staffing with most working from home throughout 2020 and 2021. This has severely impacted the number of GE events approved by the National Biosafety Board (NBB).
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.