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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.
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.
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...
In response to the COVID19 epidemic and in order to ensure the agricultural security of Russian citizens, the Russian Government decided to impose a quota in the amount of 7MMT to limit exports...
Post expects MY 2020/21 corn imports to reach 4.08 million metric tons (MT) due to steadily growing demand for poultry feed. MY 2020/21 wheat imports are expected to increase only slightly...
FAS/Moscow forecasts that wheat production will reach 73.5 MMT in MY2019/2020, a decrease from the previous forecast of 74 MMT based on industry and official data.