by Teuvo Tuomi | Mar 16, 2024 | Malaysia, Economy, Food & Drinks, Trade
Malaysia maintains its export tax for crude palm oil at 8% for April and raised its reference price, the Malaysian Palm Oil Board confirms. The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-ton range. The maximum tax rate is set...
by Teuvo Tuomi | Mar 6, 2024 | Thailand, Food & Drinks, Lifestyle, News
To support tourism and consumption in the country, Thailand’s Department of Excise has published a list of the 10 most expensive wines available in Thailand. This follows the adjustment of the wine tax structure on 23 February. According to the Department of...
by Teuvo Tuomi | Feb 26, 2024 | Vietnam, Economy, Food & Drinks, News
Vietnam’s seafood exports rose by 64% year-on-year in January to nearly US$750 million. Exports to China tripled, the Vietnam Association of Seafood Exporters and Producers (VASEP) says and adds that China, including Hong Kong, is Vietnam’s second biggest...
by Teuvo Tuomi | Sep 9, 2023 | News, Food & Drinks, Malaysia
In an effort to address the shortage of locally-produced rice, the Malaysian government has implemented a restriction on the sale of local white rice, limiting purchases to 100kg per customer, says the Agriculture and Food Security Minister Datuk Azman Mahmood. This...
by Teuvo Tuomi | Aug 31, 2023 | Asia, Environment, Food & Drinks, News
An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified. Forecasts for low rainfall in September are further threatening to disrupt supplies. El Nino is a warming of Pacific waters that often results in dry conditions over...
by Teuvo Tuomi | Jul 14, 2023 | Economy, Food & Drinks, Thailand
Dr. Thon Thamrongnawasawat, deputy dean of Kasetsart University’s Faculty of Fisheries, confirms that El Nino has already arrived in Thailand. The rainy season in Thailand’s North, Northeast, and Central regions usually has two phases. “This year, the first phase has...
