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- (-) November 2022
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The implementation of Malaysia’s B20 mandate has been officially postponed until the end of 2022. However, it will be difficult for the Government of Malaysia (GoM) to implement the B20 within the current deadline and Post expects the delays to continue into 2023.
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.
Effective June 1, 2022, Malaysia intends to ban export of poultry products to ensure sufficient domestic supply. This is the latest in a series of measures taken to try to combat rising food prices in the country.