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- (-) May 2022
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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.
Indonesia’s 2022/23 coffee production is forecast to increase by 7 percent from the previous year to 11.35 million (60 kilogram) bags on favorable weather in southern Sumatra. Improved demand following the easing of pandemic-related restrictions is expected to raise domestic coffee consumption to 4.8 million bags in 2022/23.
Post forecasts Malaysian crude palm oil (CPO) production in marketing year (MY) 2021/22 at 18.5 million metric tons (MT), an increase of 646,000 MT compared to the previous year. This increase is lower than the USDA official estimate due to the...