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Post forecasts consumption of cotton in the Malaysian textile industry at 290,000 bales in marketing year (MY) 2022/23, a 3.3 percent drop from the previous year post’s estimate. The expected reduction is based on textile companies shifting their operation to other South-East Asian countries as the cost of labor increased in Malaysia with the revision of new minimum wages on April 1, 2022.
Post forecasts consumption of cotton in the Malaysian textile industry at 290,000 bales in marketing year (MY) 2022/23, a 3.3 percent drop from the previous year post’s estimate.
Post forecasts domestic consumption of cotton by the Malaysian textile industry at 350,000 bales in marketing year (MY) 2021/22 on presumed economic growth in Malaysia and strong consumer demand for textiles in the United States and the European Union.
South Africa has a robust and experienced regulatory system for genetically engineered (GE) products which started with the publication of its “GMO” act in 1997.
Post forecasts consumption of cotton in the Malaysian textile industry at just over 66,000 metric tons (MT) in marketing year (MY) 2019/20, a 5 percent increase from the previous year.
This report provides information on the export certification requirements of the Government of Malaysia.
The production area of genetically engineered (GE) corn, soybean and cotton in South Africa is estimated at around 2.7 million hectares.
There have not been any significant developments since last year’s 2016 report....
For 2017/18, domestic consumption for the domestic spinning industry is forecast at 55,000 tons slightly higher than 2016/17 forecast at 54,430 tons....
There are no significant changes to report from the previous submission.
Post forecasts that the area under cotton production in Zimbabwe will increase, under normal climatic conditions, to about 300,000 hectares and production will recover to around 210,000 MT
Introduction of a 6 percent Goods and Services Tax (GST) on April 1, 2015 increased costs and discouraged transshipment of cotton from Malaysia to nearby regional markets.