Malaysia corn imports rising.

Corn imports in Malaysia in 2018-19 are forecast to increase 100,000 tonnes to 4.1 MMT. The recent surge in corn demand is due to a consumer switch to a cheaper protein source such as dressed poultry as the price of beef, seafood and pork have risen with the implementation of a 6% Goods and Service Tax (GST). In addition, increased popularity of chicken-based fast-food restaurants such as KFC, Nando’s and The Chicken Rice Shop helped raise poultry demand by 3% annually in recent years.