Russia to supply grain to Malaysia
On November 8, the Melewar Industrial Group of Malaysia signed a memorandum of understanding (MOU) with the Russian Union of Grain Exporters to secure a long-term grain supply, aimed at strengthening the country’s food security. This agreement, the first of its kind with Malaysia, will see Russia supply 600,000 to 700,000 tonnes of wheat annually. Malaysia, which produces no wheat, relies on imports to meet its demand, with Russia becoming a key player alongside Australia. The MOU reflects Melewar’s ongoing efforts to diversify food sources through its extensive food industry ventures.
KUALA LUMPUR, MALAYSIA — As part of a national effort to strengthen food security in Malaysia, the Melewar Industrial Group has signed a memorandum of understanding with the Russian Union of Grain Exporters to secure a long-term grain supply, reported Bernama, the Malaysian National News Agency. The signing Nov. 8 was attended by Datuk Seri Mohamad Sabu, Agriculture and Food Security minister; Naiyl Latypov, Russian ambassador to Malaysia; Eduard Zernin, chairman of the Russian Grain Union; and Tunku Datuk Yaacob Khyra, chairman of Melewar Industrial.
Zernin said the MOU is the first major supply agreement with Malaysia, and the Russian Grain Union expects to annually deliver 600,000 to 700,000 tonnes of wheat to the Malaysian market. Russia is the world’s top supplier of wheat to global markets, with Black Sea grains and oilseeds research firm SovEcon forecasting exports of 45.9 million tonnes in marketing year 2024-25. Russia also supplies barley and corn. Malaysia produces no wheat and must import its supply to meet domestic demand. The Foreign Agricultural Service of the US Department of agriculture estimated Malaysia would import 1.78 million tonnes of wheat in 2023-24. Australia has been the main supplier, with roughly half the market share. Tunku Yaacob said Melewar Industrial has a long history in the food industry with a cattle farm in Kazakhstan, a poultry farm and processing facility in Cambodia, a prawn farm in Malacca, and an extensive food and beverage business focusing on the sale and distribution of imported food products in Malaysia. In conjunction with the Ministry of Agriculture and Food Security, Tunku Yaacob said the company has identified a variety of food products that will support diversification of sources for the country’s food supply chain.
Trends Associations/Agencies Commodities wheat Trade food security imports exports Related Articles Russia creates JV to supply grain to Egypt UN letter to Russia seeks to revive grain deal India plans to further boost grain imports from Russia Russia to implement permanent grain export quota Russia looking to stop regulating grain exports .
Source Link : https://www.world-grain.com/articles/20691-russia-to-supply-grain-to-malaysia
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