[Gstalk]

NOVEMBER 04, 2021


SINGAPORE - Food is expected to become more expensive in Singapore in the coming months as energy prices increase amid higher prices for global food commodities, supply chain bottlenecks and labour shortages, said Trade and Industry Minister Gan Kim Yong.

In a written reply to a parliamentary question from Shawn Huang (Jurong GRC) on Wednesday (Nov 3), Gan said that with energy prices expected to rise further, food suppliers may need to adjust prices to reflect the cost increases.

The minister noted that the cost of food is affected by a combination of factors, including imported prices, freight, labour, and seasonal weather changes.

Domestic food prices have risen in the past six months, and the prices of goods and services in general are expected to be pushed up by global inflationary pressures.

Singapore imports natural gas to generate electricity and also imports most of its food, so higher prices of these commodities globally will translate to higher prices domestically.

https://www.asiaone.com/singapore/food-p...n-kim-yong