Different view of the prosperity table

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We are coming up to the Lunar New Year on February 1. In usual tradition families will gather for a reunion dinner on the eve. The prosperity meal, however, may look quite different this year, with food prices inching onto dining tables. In Singapore, the fractured supply chain has driven up meat and seafood prices by 40-45%. Local restaurant owners said prices of some beef brands have almost doubled in the past six months and customers have cancelled festive food orders. In other countries, we see consumption and production contracting on higher prices, while processors India that have invested in delivery and value addition and now reaping the benefits.

Editorial Director, Asian Agribusiness Media, Kuala Lumpur

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