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- (-) April 2016
- (-) Malaysia
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The EU-28 sugar production for food purposes for MY 2016/17 is forecast at 16.5 million MT in raw sugar equivalent (RSE), with another 0.9 million MT produced for industrial purposes.
Malaysia has a dynamic hotel and restaurant industry. Changing lifestyles and growing middle class underpins demand.
With per capita income of over $10,800 and a middle and upper class making up 50 percent of the population, Malaysia shows good potential for growth as a market for high value consumer products.
Harvest of marketing year 2015/16 confirmed to be very good.
Rapeseed remains the most profitable oilseed for Czech farmers. In MY 2015/16 they experienced another good crop of 1.26 million MT of rapeseed on area of 366,180 HA.
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.