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If getting suppliers locally is going to cut down on all the logistic costs, but still cost us more to buy them. Then no thanks.

Singapore Is Running Out of Time to Meet its Food Supply Goal

Singaporeans love fresh food. So you’d think that produce from local farms would be in high demand. Yet local farmers say we’re not eating our home-grown produce. Family and friends often exclaim over

Singapore Is Running Out of Time to Meet its Food Supply Goal

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Then no thanks.</p></body></html>","htmlText":"<html><head></head><body><p>If getting suppliers locally is going to cut down on all the logistic costs, but still cost us more to buy them. Then no thanks.</p></body></html>","text":"If getting suppliers locally is going to cut down on all the logistic costs, but still cost us more to buy them. Then no thanks.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/332647088873720","repostId":1162539099,"repostType":2,"repost":{"id":"1162539099","pubTimestamp":1722218363,"share":"https://www.laohu8.com/m/news/1162539099?lang=&edition=full","pubTime":"2024-07-29 09:59","market":"sg","language":"en","title":"Singapore Is Running Out of Time to Meet its Food Supply Goal","url":"https://stock-news.laohu8.com/highlight/detail?id=1162539099","media":"Bloomberg","summary":"Singaporeans love fresh food. So you’d think that produce from local farms would be in high demand. Yet local farmers say we’re not eating our home-grown produce. Family and friends often exclaim over","content":"<html><head></head><body><p>Singaporeans love fresh food. So you’d think that produce from local farms would be in high demand. Yet local farmers say we’re not eating our home-grown produce. Family and friends often exclaim over organic Australian crops and fruit from New Zealand, but I’ve never heard anyone rave about Singaporean vegetables.</p><p style=\"text-align: start;\">While researching a story on the troubles facing local producers, many of the farmers I spoke to said they are running out of options as private investment dries up and government grants set a high bar for technology.</p><p style=\"text-align: start;\">Traditional fish farmer Kai Wong told me he slashed prices by 20% to work with local restaurants for an upcoming event, but still received complaints that Malaysian produce was cheaper. Ironically, the event will be for National Day. His farm already supplies its own restaurant and fish soup stall to rely less on other local businesses. “It’s not foolproof, but I’m cornered. I don’t have any other ideas,” he said.</p><p>Even before getting their produce to the domestic market, farmers must overcome operational challenges and long waits for a myriad of licenses.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b97a3bde81fca2ccf6cb25c12f7efa43\" alt=\"Operations at LivFresh Pte Farm\" title=\"Operations at LivFresh Pte Farm\" tg-width=\"2000\" tg-height=\"1334\"/><span>Operations at LivFresh Pte Farm</span></p><p style=\"text-align: start;\">Their struggles reflect Singapore’s dilemma as an island that is a global trading port but has very little land. Maintaining a free-trade environment means local producers must compete equally with regional and global suppliers. Yet, the Singapore Food Agency has a stated goal of increasing local output to 30% of the nation’s nutritional needs by 2030.</p><p style=\"text-align: start;\">“The ‘30 by 30’ vision is a stretched ambition but an important one to ensure that local produce can serve as a buffer during supply disruptions,” the agency said.</p><p style=\"text-align: start;\">As some traditional farms close, Singapore has been experimenting with new systems for offshore fish farming, as well as rooftop and vertical farms, lab-grown meat, and even insects. Yet many of the ventures are still unprofitable or have high costs.</p><p>Local production of vegetables and seafood in 2023 decreased by 15% and 8% respectively from 2022, according to the SFA. Both sectors supply a smaller percentage of the nation’s consumption since the agency set its “30 by 30” goal in 2019.</p><p style=\"text-align: start;\">With time running out, the industry may need a new approach — or a new target.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Is Running Out of Time to Meet its Food Supply Goal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Is Running Out of Time to Meet its Food Supply Goal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-29 09:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2024-07-27/singapore-food-goal-in-jeopardy-as-residents-shun-local-produce><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singaporeans love fresh food. So you’d think that produce from local farms would be in high demand. Yet local farmers say we’re not eating our home-grown produce. Family and friends often exclaim over...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2024-07-27/singapore-food-goal-in-jeopardy-as-residents-shun-local-produce\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2024-07-27/singapore-food-goal-in-jeopardy-as-residents-shun-local-produce","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162539099","content_text":"Singaporeans love fresh food. So you’d think that produce from local farms would be in high demand. Yet local farmers say we’re not eating our home-grown produce. Family and friends often exclaim over organic Australian crops and fruit from New Zealand, but I’ve never heard anyone rave about Singaporean vegetables.While researching a story on the troubles facing local producers, many of the farmers I spoke to said they are running out of options as private investment dries up and government grants set a high bar for technology.Traditional fish farmer Kai Wong told me he slashed prices by 20% to work with local restaurants for an upcoming event, but still received complaints that Malaysian produce was cheaper. Ironically, the event will be for National Day. His farm already supplies its own restaurant and fish soup stall to rely less on other local businesses. “It’s not foolproof, but I’m cornered. I don’t have any other ideas,” he said.Even before getting their produce to the domestic market, farmers must overcome operational challenges and long waits for a myriad of licenses.Operations at LivFresh Pte FarmTheir struggles reflect Singapore’s dilemma as an island that is a global trading port but has very little land. Maintaining a free-trade environment means local producers must compete equally with regional and global suppliers. Yet, the Singapore Food Agency has a stated goal of increasing local output to 30% of the nation’s nutritional needs by 2030.“The ‘30 by 30’ vision is a stretched ambition but an important one to ensure that local produce can serve as a buffer during supply disruptions,” the agency said.As some traditional farms close, Singapore has been experimenting with new systems for offshore fish farming, as well as rooftop and vertical farms, lab-grown meat, and even insects. Yet many of the ventures are still unprofitable or have high costs.Local production of vegetables and seafood in 2023 decreased by 15% and 8% respectively from 2022, according to the SFA. Both sectors supply a smaller percentage of the nation’s consumption since the agency set its “30 by 30” goal in 2019.With time running out, the industry may need a new approach — or a new target.","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":104,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}