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On March 7, 2022, President Luis Abinader addressed the nation to announce 10 policy measures to ease inflationary pressures in the Dominican Republic (DR) due to the lingering effect of the COVID-19 pandemic and the ongoing conflict between Russia and Ukraine.
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.