Singapore has been intensifying its food security strategies amidst a decline in local vegetables and seafood production last year. The Singapore Food Agency acknowledges the challenges faced by local farms, citing pandemic-related delays, inflationary pressures, higher energy prices, and increased labor costs as contributing factors.
With a high dependency on imports due to its dense population, Singapore aims to produce 30% of its nutritional needs by 2030, enhancing resilience against supply disruptions. In 2023, the country expanded its food supply sources to 187 countries and regions, incorporating mutton from Spain and chickens from Indonesia. Despite these efforts, local vegetables and seafood contributed only 7.3% and 3.2%, respectively, to the nation's food consumption last year. The Singapore Food Agency commits to supporting local farms to ensure their commercial viability amidst the need for sufficient consumer demand.
Source: bnnbloomberg.ca