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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.
Coffee production for marketing year (MY) 2021/22 (April to March) is forecast at 261,000 60-kilogram (kg) bags of Green Bean Equivalent (GBE) basis, an increase of two percent over the MY 2020/2021 estimate of 255,000 60-kg bags.
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.
As Ecuador's sugar supply and demand find an equilibrium, ethanol production and a possible increase in the ethanol blend rate could help to absorb some excess sugar supply.
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
The Government of Ecuador has fully eliminated the support program for corn production, but continues to define the yearly minimum price for producers
Bangladesh’s feed industry is currently recovering from a difficult marketing year (MY) 2019/20 (i.e., July to June).
On January 25, 2021, Malaysia notified new requirements for the importation of grains and grain products to the WTO.