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Biodiesel production is expected to remain flat in Malaysia at 1.58 billion liters, as the country is likely to remain at a B10 blend rate as B20 and B30 mandate goals have not advanced.
There have been no major changes to Malaysia's biotechnology regulations in the past year. The country continues to review its Biosafety Act, including how it will regulate gene edited products in the future. Malaysia currently has 61 genetically engineered (GE) products approved for import.
Singapore does not have any domestic commercial production of plant biotechnology. The Singapore Food Agency (SFA) website lists 108 genetically engineered (GE) crops approved for use as food for direct consumption, ingredients, and further processing into ingredients for other food in the country.
Post forecasts Malaysia’s palm oil production in MY 24/25 at 19.2 million metric tons (MT), a decrease from MY 23/24 projections due to delayed effects of the El Niño season.
After strong growth in 2023, the food retail sector is expected to see moderate but positive growth in the remainder of 2024. Expansion of convenience stores and small format retail outlets continues, while premium supermarkets have also expanded.
The retail food sector is highly competitive in Singapore with no single country holding over 16 percent of the consumer-oriented products market share. Singapore’s economy is beginning to slow due to cost-of-living, inflation, and supply chain challenges.
Singapore’s economy has rebounded post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.
Post revises production estimates for MY 2023/24 down to 18.8 million tons accounting for hot and dry El Niño weather effects and limitations regarding labor. Top importing countries continue to drive demand and stocks drop to 1.83 million tons for MY 2023/24.
The Malaysian food and beverage sector continues to grow steadily. U.S. exporters can expect new opportunities in the expanding food manufacturing sector especially for food ingredients.
The report discussed food and agricultural export product certificate required by the Singapore Government.
The report provides information on the regulations and procedures for the importation of food and agricultural products from the United States to Singapore.
This report provides information on the regulations and procedures for the importation of food and agricultural products from Unites States to Malaysia. The report is supplemented by the Malaysia Food and Agricultural Import Regulations and Standards (FAIRS) – Export Certificate Report 2024.