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Post forecasts that consumption and imports of corn, wheat and rice in Malaysia will slightly increase in Marketing Year (MY) 2023/24, in line with population growth and normalization of the market.
Post forecasts that consumption of corn and wheat in Malaysia will marginally increase in Marketing Year (MY) 2022/23, assuming an eventual stabilization of commodity prices following the disruption caused by the crisis in Ukraine.
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.
At nearly 313.5 MMT, the total MY2019/20 EU28 grain crop is around 2 MMT higher than the previous forecast, with higher wheat, corn and barley production partially offset by a lower mixed grain....
Malaysia’s multi-billion dollar food processing industry is driven by an expanding economy and increased consumer spending.
The unprecedented heatwave in June across much of the European Union attracted attention to the outlook for the MY2019/20 EU28 grain crop.
Post expects MY 2019/20 corn imports to reach 4.15 million metric tons (MT), up 4 percent from the previous year, due to steadily growing demand for poultry feed.
For 2017/18, total overall imports of corn into Malaysia are forecast to increase to 4 million tons.
The total MY2017/18 EU-28 grain crop is revised up 2 MMT to 304 MMT, due to improved outlooks for both the wheat and corn crops.
The overall food processing sector is growing 3 percent per year, with dairy, bakery, and processed fish products leading.
The EU28 grain harvest is now under way in most Member States.
The EU28’s grain harvest is forecast to rise three percent in MY2017/18 despite little change to the planted area.