From Malaysia to India, Export Bans on Chicken, Wheat, Sugar affect Asia
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The recent moves by Asian
governments to save their own food supplies have sent already inflated food prices
soaring across the region amid the Ukraine war
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While protectionism lowers
the threat of civil unrest, analysts say it may be ineffective in keeping prices
of food staples low and could even hurt producers as buyers diversify
Asia has been slammed by a wave of protectionism in recent
months, with countries enacting food export restrictions on items from palm oil
to wheat, sugar and chicken.
The disruptions have sent already inflated food prices soaring,
with Singapore’s food price increase in April hitting levels not seen since March
2009 and Malaysians saying the once affordable everyday chicken is now a weekly
luxury.
Countries with export controls say the restrictions have been
necessary to safeguard supplies for their own populations.