Malaysia: Retail Foods Annual

Malaysia’s retail sector is forecast to spur consumer spending in retail food and beverage industry with the abolishment of Goods & Services Tax (GST) effective June 1, 2018. It is expected that food and beverage retail prices will be slightly lower around 3 percent from savings of input costs. Moderate growth of 5 percent is projected for U.S. fresh fruits, fresh, and frozen potatoes, dairy products, snack foods (including nuts), prepared grocery products and pet food have good export prospects. Online retail purchases is expected to grow with major retailers buying into e-Commerce.

Malaysia: Retail Foods Annual