Subscribers

Tackling Asean’s food crises

The regional grouping must choose the right economic recipe to deal with soaring food prices

POLICYMAKERS from 10 major Southeast Asian economies gather in Phnom Penh this week for the summit of Asean nations amid growing global concerns about the impact of soaring food prices and intense supply shortages.

Russia's initial suspension of the Black Sea agreement that allowed Ukrainian grain exports at end-October sent cereal prices surging, worsening an already woeful situation in the region. In Laos, inflation spiked to a high of almost 37 per cent in October, with steep increases in the prices of rice and other food items such as pork, poultry, fish, seafood and eggs. In the Philippines, food prices rose by 9.4 per cent in October, pushing headline inflation to 7.7 per cent in October,...

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes