What is the price of molasses per kilogram/pound in Malaysia today?
The retail price range for Malaysia molasses is between US$ 0.54 and US$ 0.64 per kilogram or between US$ 0.24 and US$ 0.29 per pound(lb). Click here to see today's exact prices of molasses in Malaysia
The retail price range in Malaysian Ringgit for molasses is between MYR 2.45 and MYR 2.89 per kilogram or between MYR 1.11 and MYR 1.31 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia molasses is between US$ 0.38 and US$ 0.45 per kilogram or between US$ 0.17 and US$ 0.20 per pound(lb).
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Malaysia Molasses Export Prices - Historical, Trends and Prediction
In 2020, the export price of Molasses from Malaysia was US$ 0.06 per Kg. In 2021, the export price was US$ 0.12 per Kg. In 2022, the export price was US$ 0.12 per Kg. For 2023, the predicted export price of Molasses from Malaysia is US$ 0.12 per Kg.The Malaysia molasses exports are categorised as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
Malaysia Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Malaysia over the last five years has been quite varied. In 2016, the price was 0.52 US dollars per kg, followed by a decrease to 0.41 US dollars per kg in 2017. In 2018, the price dropped further to 0.37 US dollars per kg, before rising sharply to 1.16 US dollars per kg in 2019. This was followed by a significant decrease to 0.1 US dollars per kg in 2020. The price then increased again to 0.66 US dollars per kg in 2021. Based on this data, it is predicted that the import price per kilogram of Molasses into Malaysia in 2023 will be 0.66 US dollars per kg, and in 2024 will be 0.0 US dollars per kg.Export values for Malaysia molasses
The total values in export for molasses in Malaysia were US$ 880, US$ 1,539, US$ 863 and US$ 768 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Malaysia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Asia: Kazakhstan molasses, Kyrgyzstan molasses, Tajikistan molasses, Turkmenistan molasses, Uzbekistan molasses, China molasses, Hong Kong molasses, Macao molasses, North Korea molasses & Mongolia molasses.
Malaysia molasses - Production, Exports, Imports, Seasons and HS Codes
The amount of molasses sold by Malaysia in 2020 was 13,922 metric tonnes. In 2019 Malaysia shipped 2,315 tonnes of molasses. For the year 2019 alone, the demand for Malaysia molasses (processed category) has gone up, recording a change of 10.081 percent compared to the year 2018. Between 2017 and 2019, molasses' exports grew by 10.45 pc earning the nation US$0.77m for the year 2019. Malaysia's molasses exports are classified as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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Malaysia molasses export values
In 2019, Malaysia supplied molasses costing 0.77m USD, a reduction of -10.78% from 2018's total molasses export of 0.863m USD. The yearly reduction in value of Malaysia molasses between 2017 to 2018 was -43.925%.
The annual/yearly variation in the amount of Malaysia's molasses exports between 2017 and 2019 was 10.45% when compared to a variation of 10.081% in the growth rate between 2018 and 2019.
Export markets for Malaysia molasses ( in '000$ )
Malaysia's leading export markets for molasses are Singapore, Hong Kong, South Korea, United Kingdom (UK) and Thailand.
Malaysia imported 16,178 tonnes of molasses in 2019.