Talking Point 2022/2023
As of 2021, Singapore imported about 25% of its seafood from Malaysia. Three-quarters of Malaysia’s fish supply is wild-caught - but fish stocks have been shrinking and fishermen are having to go out further to sea for longer. As a result, their costs are rising - and so are retail prices.
Fish farms, too, have not been spared the impact of external factors like the war in Ukraine that has led to higher operational costs.
Talking Point 2022/2023: Why fish prices are rising because of climate change
As of 2021, Singapore imported about 25% of its seafood from Malaysia. Three-quarters of Malaysia’s fish supply is wild-caught - but fish stocks have been shrinking and fishermen are having to go out further to sea for longer. As a result, their costs are rising - and so are retail prices.
Fish farms, too, have not been spared the impact of external factors like the war in Ukraine that has led to higher operational costs.
Talking Point 2022/2023
With a fresh approach to tackling the issues of the day, Talking Point investigates a current issue or event, offering different perspectives to local stories and reveals how it all affects you.