The cocoa grinder’s profits declined on weaker demand and higher costs, even as revenue nearly doubled on strong ingredient pricing.
Malaysia’s leading sugar producer faces industry headwinds as it urges government support to protect domestic players.
Move affects imports from the US and ties to halal standards set by JAKIM
Government reduces financial support as production surplus offsets need for aid
Excess stock expected to be exported amid steady local supply
Nestlé plans to source 10,000 metric tonnes of Malaysian cocoa by 2034 while expanding farmer training in Sarawak and Sabah.