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FAS Kuala Lumpur (Post) projects a slight decrease in palm oil production in Market year (MY) 24/25 to 19.2 million metric tons (MT) on recent weather challenges and lower than average production in the beginning months of the MY. With palm oil at a premium to competing vegetable oils, Post estimates a decrease in exports of approximately 770 thousand MT for MY 24/25.
Infographic illustrates how modernizing retail outlets in Southeast Asia are providing U.S. food exporters access to young, urbanizing consumers.
Southeast Asia is a major market for U.S. agricultural products, ranking as the third-largest regional market in 2017, behind East Asia and North America.
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.