Olympics a boon for Malaysian exporters
The summer Olympics in London and higher poultry prices are expected to help boost the business of value-added food processing companies in the second half of this year.
Golden Fresh Sdn Bhd, which produces processed frozen seafood for exports under the Pacific West brand is counting on the Olympics to increase its business in Britain, where it has a marketing and sales office.
CAB Cakaran Bhd, a broiler meat and processed frozen food manufacturer, expects the group to return to the black in the second half of this year as poultry prices improve and the oversupply of broiler meat situation eases.
Golden Fresh senior commercial manager Rosy Ng said the company exported to Britain a new range of value-added products for the Olympics.