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The Big Story: If less than 1% comes from the Middle East, why are food prices rising in Singapore?
Singapore imports more than 90% of its food, yet less than 1% comes from the Middle East. Despite this, Minister for Sustainability and the Environment Grace Fu has warned that ongoing conflicts could still drive up food prices through disruptions to global shipping routes like the Strait of Hormuz. Higher fuel and fertilizer costs may increase production and transport expenses, affecting farmers, businesses, and hawkers. On The Big Story, Hongbin Jeong speaks to Associate Professor Goh Puay Guan from the National University of Singapore Business School, about how these global pressures are…
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