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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.
The Malaysia food retail sector is rapidly developing, and high-end/premium grocery stores are increasingly popular.
Biodiesel production in 2019 is expected to increase by roughly 36 percent (compared to the previous year) to 1.69 billion liters due to increases in domestic use and exports.