Singapore imports more than 90% of its food. Here’s how it’s dealing with rising food inflation

Singapore is known for its variety of street food and local cuisines, but many may not know it faces a persistent challenge — food security.

As a small island nation, Singapore lacks natural resources. It imports more than 90% of its food from more than 170 countries and regions.

Food prices rose by 4.1% in April from a year earlier, up from 3.3% in March, the Monetary Authority of Singapore and Ministry of Trade and Industry said.

But Teng added that one of Singapore's weaknesses is that even though it tries to diversify its imports from a basket of countries, it's still relying heavily on just one or two countries.

For example, Singapore imported 48% of its chickens from Brazil, and 34% from Malaysia in 2021, the Singapore Food Agency said. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Benson Hill (BHIL.US)$ $AppHarvest (APPH.US)$ $The Scotts Miracle (SMG.US)$ $GROW CAPITAL INC (GRWC.US)$ $Save Foods (SVFD.US)$ $Marrone Bio Innovations (MBII.US)$