Food supply disruptions regrettable, but S'pore has been building buffer, diversifying sources: PM Lee

  • 📰 STForeignDesk
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 71%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

plans to restrict sugar exportsPM Lee recalled how, in the early days of the Covid-19 pandemic, supply chain disruptions meant masks and personal protective equipment or PPE were in short supply.

Some countries scrambled to meet their own needs by interdicting and requisitioning supplies which would be manufactured in their own country, or sometimes even when transiting in the country.

Seeking redress at the World Trade Organisation is an option if there are violations of global trading rules, but PM Lee said this was a lengthy process."The answer is not what we do now, but what we have been doing now for several years, which has been to build up our buffer stocks and resiliency and diversify our sources," PM Lee said.

"So that any single source is interrupted, we are not unduly affected and if you can't buy chicken from one place, you can buy from other countries. This time it is chicken, next time it may be something else. We have to be prepared for this," he added. Singapore imports over 90 per cent of its food, and diversification is a key strategy to ensure a supply of safe food.

While Malaysia is the main source of fresh chicken, it accounted for 34 per cent of the Republic's chicken supply last year, with the rest imported from Brazil, the United States and other countries.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PM Lee meets M'sia PM Ismail, tours teamLab Borderless museum in Tokyo
Source: STForeignDesk - 🏆 4. / 71 Read more »

PM Lee meets Malaysia PM Ismail, tours teamLab Borderless museum in Tokyo
Source: STForeignDesk - 🏆 4. / 71 Read more »

PM Lee and Japanese PM Fumio Kishida hold bilateral meeting, discuss ways to 'deepen cooperation'SINGAPORE: Prime Minister Lee Hsien Loong met with his Japanese counterpart Fumio Kishida on Thursday (May 26), while on a four-day working visit to Tokyo. The leaders reaffirmed Singa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore, Japan key partners to protect regional peace: PM Lee and PM Kishida
Source: STForeignDesk - 🏆 4. / 71 Read more »

PM Lee warns against nuclear 'arms race' on Asian soil, isolating China during Tokyo conferenceSingapore’s Prime Minister Lee Hsien Loong has sounded the alarm over the ongoing public debate on whether US treaty allies South Korea and Japan should deploy or develop their own nuclear weapons. Speaking at Nikkei’s Future of Asia conference on Thursday (May 26), Lee questioned if public discussions would contribute to an “arms race” in the region, amid a refocus...
Source: asiaonecom - 🏆 10. / 59 Read more »

Grow opportunities for countries to work together to reduce risk of hostilities: PM Lee
Source: STForeignDesk - 🏆 4. / 71 Read more »