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Food Prices Expected To Rise Further In Coming Months Amid Higher Energy Costs: Gan Kim Yong - Cna

by channelnewsasia.com posted 4weeks ago 9 views
SINGAPORE: Food prices are expected to “rise further in the coming months” as energy prices are set to increase, Minister for Trade and Industry Gan Kim Yong said on Wednesday (Nov 3). In a written answer to a question by MP Shawn Huang Wei Zhong (PAP-Jurong GRC) about the impact on food prices given supply chain disruption and increase in energy costs, Mr Gan said that energy prices contribute to the global cost of food. “The cost of food is affected by a combination of factors, including the imported prices, energy costs, freight, labour, and seasonal weather changes,” he said.

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