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Malaysia relies on imports to satisfy local demand for grain commodities including rice, corn, and wheat.
The Black Sea region is a significant supplier of agricultural commodities to the world. Over the past year, global grain and oilseed markets have been roiled by the ongoing military conflict in Ukraine.
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.
A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
The Russian Federation approved a law establishing the Unified State Traceability System for Grain and Grain Products, which will come into force January 2022.
Post forecasts Russia's grain and feed production for the coming year.
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.
Russia notified the World Trade Organization (WTO) of draft amendments to the Eurasian Economic Union (EAEU) veterinary regulations regarding some dairy products and feed additives...
On January 25, 2021, Malaysia notified new requirements for the importation of grains and grain products to the WTO.
Recent measures intended to dampen domestic food price increases by inhibiting grain exports were adjusted by Decree #33 signed on January 23, 2021.
As part of its package of measures to reduce food prices adopted in December 2020, the Russian government issued a number of decrees to restrict exports of some grains and oilseeds...