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The wheat planting area for MY2023/24 is estimated at 725,000 HA, some 17 percent higher than previous marketing year. Overall production is estimated to be 3.6 MMT, which represents a 12.5 increase compared to MY2022/23.
Malaysia’s retail sales are projected to grow to US$1.8 billion in 2023. The Malaysian food and beverage retail market is a competitive landscape and is highly fragmented.