Latest news with #MIFB2025
The Star
30-07-2025
- Business
- The Star
Domestic coffee market valued at RM4.4bil, says deputy minister
Deputy Plantation and Commodities Minister Datuk Chan Fong Hin visiting the booth after launching the Malaysian International Food and Beverage Trade Fair (MIFB) at Kuala Lumpur Convention Centre on July 30.-AZMAN GHANI/The Star MALAYSIA'S domestic coffee market is valued at US$1.05bil (RM4.4bil) with over 6,400 cafes operating nationwide, says Datuk Chan Fong Hin. The Deputy Plantation and Commodities Minister said he has observed that the coffee and cafe culture were among the fastest growing segments in Asean. Chan said this in his keynote address at the opening of the Malaysian International Food and Beverage Trade Fair (MIFB) held at the Kuala Lumpur Convention Centre on Wednesday (July 30). "This also marks my third consecutive year attending the event. I am delighted to see it continue evolving into a prestigious regional platform for food and beverage innovation and trade," he added. Chan explained that the MIFB 2025 theme of 'Future-Ready F&B: Serving the Evolution of Trends' captured the industry's transformation, adapting to consumer preferences, embracing digitalisation and innovating sustainably. "It mirrors the mission of our plantation and commodity sectors," said Chan, adding that his ministry oversees the development of Malaysia's main commodities of palm oil, rubber, timber, cocoa, pepper, kenaf and tobacco, many of which were integral to the F&B industry. "In 2024, the palm oil industry contributed a remarkable RM114bil in export earnings. Accounting for 2.97% of Malaysia's GDP, the oil palm sector employs close to one million workers and smallholders, making it the second largest employer after the government." Visitors visiting the booth during the Malaysian International Food and Beverage Trade Fair (MIFB) at Kuala Lumpur Convention Centre on July 30.-AZMAN GHANI/The Star Chan said while demand is booming, the global coffee supply chain was facing increasing volatility. "Brazil's 2024 Arabica harvest, for example, has been cut by around 12% due to El Nino-driven droughts. "Simultaneously, the Red Sea crisis has forced shipping routes to detour by over 5,000km, adding US$0.12 to US$0.15 per pound of coffee landed at Port Klang. "These combined pressures have pushed the International Coffee Organisation's composite price indicator up by a staggering 94.6% in just one year." Also present at the opening event were Constellar group chief executive officer Chua Wee Phong and Malaysia Specialty Coffee Association president and chief executive officer of Coffex Coffee Kelvin Ngow. Chan said these external pressures highlighted why Malaysia should expand domestic coffee cultivation for local consumption. "Strengthening our own production is the way to ensure the cafe economy continues to thrive while positioning Malaysia as a credible origin in the global coffee trade. Visitors visiting the booth during the Malaysian International Food and Beverage Trade Fair (MIFB) at Kuala Lumpur Convention Centre on July 30.-AZMAN GHANI/The Star Chan also enthused the exciting debut of the Malaysia Cafe Expo (MCE) that was launched this year under the MIFB umbrella, together with the Malaysia Food Tech Expo (MyFoodTech). "The debut of MCE is especially significant because it represents how MIFB continues to expand its reach, covering the F&B value chain, and reflecting the aspirations of the Malaysian government to build a food sector that is innovative, market-driven, and inclusive," he said. Held for three days from July 30 to Aug 1, MIFB 2025 features over 500 companies and 12,000 trade visitors, with impactful showcases such as the Knowledge Hub, MyFoodTech, and the debut Wine, Spirits & Beer Showcase.
The Sun
30-07-2025
- Business
- The Sun
Malaysia's coffee market hits US$1.05 billion amid global supply challenges
KUALA LUMPUR: Malaysia's domestic coffee market has reached a valuation of US$1.05 billion, supported by over 6,400 cafes operating across the country. Deputy Plantation and Commodities Minister Datuk Chan Foong Hin highlighted the sector's growth while addressing external pressures affecting global supply chains. Speaking at the 24th Malaysian International Food and Beverage Trade Fair (MIFB 2025) and Malaysia Cafe Expo (MCE), Chan emphasised the need to expand local coffee cultivation. 'Strengthening our own production is the way to ensure the cafe economy continues to thrive while positioning Malaysia as a credible origin in the global coffee trade,' he said. Key coffee-growing regions in Malaysia include Pagoh, Johor, and Ranau, Sabah. Chan urged local planters to capitalise on the crop's potential, despite coffee not falling under his ministry's direct purview. Global coffee supply chains are under strain, with Brazil's 2024 Arabica harvest shrinking by 12% due to El Nino-induced droughts. Additionally, the Red Sea crisis has forced shipping reroutes, adding US$0.12 to US$0.15 per pound to coffee arriving at Port Klang. These disruptions have driven the International Coffee Organisation's composite price indicator up by 94.6% in just one year. Chan also noted the symbiotic relationship between coffee and bakery products, which rely heavily on palm-based ingredients like margarine, shortening, and cocoa butter equivalent (CBE). 'This reinforces how Malaysia's palm oil industry is deeply interwoven with the rise of coffee culture and the cafe economy,' he said. - Bernama
Barnama
30-07-2025
- Business
- Barnama
Malaysia's Domestic Coffee Market Valued At US$1.05 Bln -- Chan
REGION - CENTRAL > NEWS KUALA LUMPUR, July 30 (Bernama) -- Malaysia's domestic coffee market is valued at US$1.05 billion (US$1=RM4.23), with over 6,400 cafes operating nationwide, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin. Speaking to reporters at the 24th edition of the Malaysian International Food and Beverage Trade Fair (MIFB 2025) and Malaysia Cafe Expo (MCE), Chan said the external pressures highlight why Malaysia should expand domestic coffee cultivation for local consumption. 'Strengthening our own production is the way to ensure the cafe economy continues to thrive while positioning Malaysia as a credible origin in the global coffee trade. bootstrap slideshow 'As far as I know, one of the key areas where coffee is planted in Malaysia is in Pagoh, Johor, and Ranau, Sabah. Even though coffee is not under my ministry, I urge the planters to look into these crops, which have a huge prospect in Malaysia,' he said. While demand for coffee is booming, Chan noted that the global coffee supply chain is facing increasing volatility. For instance, Brazil's 2024 Arabica harvest has been cut by around 12 per cent due to El Nino-driven droughts. Simultaneously, the Red Sea crisis has forced shipping routes to detour by over 5,000 kilometres, adding US$0.12 per pound to US$0.15 per pound to coffee landed at Port Klang. 'These combined pressures have pushed the International Coffee Organisation's composite price indicator up by a staggering 94.6 per cent in just one year,' he said. Chan added that coffee rarely comes alone, as it almost always comes with a bakery to complement the coffee culture.
