Browse Data and Analysis

Post revised the forecasted palm oil production in marketing year MY2023/24 to 19.0 million metric tons (MT) and exports to 16.6 million MT. Contrary to expectation, the El Niño weather pattern in Malaysia has so far been weak to medium intensity.

The Brazilian orange crop for Marketing Year (MY) 2023/24 is forecast at 408 million 40.8-kg boxes (MBx) - standard reference, equivalent to 16.5 million metric tons (MMT), a decrease of 1.03 percent compared to the estimate of current crop MY 2022/23 (around 412.3 million boxes or 16.67 MMT), due to the incidence of greening, which has been affecting Brazil’s citrus belt.

The Food Safety and Quality Division (FSQD), Ministry of Health has revised the several labeling requirements under the Food Regulation 1985.

Brazil continues to offer excellent export opportunities for U.S. companies. In 2022, Brazil’s imports of consumer-oriented agricultural products were US$5.2 billion, an increase of 20 percent compared to the previous year.

Post revises down MY 2023/24 soybean production to 158.5 MMT due to poor weather outlooks resulting from El Niño, particularly in the Centre West states, which may affect final yields currently projected at 3.507 kg/ha.

Malaysia’s demand for high quality imported food and beverage products continues to grow moderately.