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- (-) January 2023
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Post maintains the projections for 2021/22 and updates MY 2022/23 with an optimistic outlook on production resulting from good weather conditions and an improved labor situation.
Malaysia retail food and HRI sector is expected to grow by 7.8 percent in 2023. U.S. exporters will see excellent opportunities in the retail food and food processing sectors as the country’s economy rebounds strongly after the COVID-19 pandemic shutdowns.
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.