0748 GMT - Some Southeast Asian countries could face higher food inflation if the Middle East conflict persists, DBS economists write in a note. Food carries a significant weightage in these countries' consumer-price index basket, with Thailand, Vietnam and the Philippines being most vulnerable to increasing food prices. The Middle East is a dominant global exporter of nitrogen-based fertilizers, including urea, and accounts for 20% to 30% of the global share. "In terms of direct impact, we assess that Thailand--a key agriculture producer--is the most vulnerable regionally," DBS says. Singapore is also exposed to international food price shocks, despite diversifying across multiple sources.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 03:48 ET (07:48 GMT)
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