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NEWS UPDATES Asean Affairs        12  March 2011

Multisource buying keys Singapore food buying 

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Singapore's Agri-Food and Veterinary Authority (AVA) said buying from many sources is key to ensuring a resilient food supply.

This is important as Singapore imports more than 90 percent of its food.

It would also ensure that Singapore is better prepared if it faces food shortages. And to achieve some level of self-sufficiency, AVA added that it would also up farming levels for food items like eggs, fish and leafy vegetables.

Amid concerns of rising food prices, a Retail Price Watch Group that is keeping an eye on any excessive price increases of daily necessities visited the Pasir Panjang Wholesale Centre on Saturday morning.

Speaking to reporters after the visit, Minister of State for Trade and Industry Lee Yi Shyan noted that the increases in prices have been moderate.

He said: "I think the reason is that our Sing dollar has got its strength. In terms of prices, we have certain headroom to accommodate and absorb some of these increases. Secondly, we import from many sources. So in terms of fruits and vegetables, I think there are about 100 countries that we bought from. Between 2009 and 2010, we increased 10 percent more."

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