Goldman Sachs Flags Three Major Threats To Southeast Asia's Food Supply

Source: International Business Times

The investment bank identified Singapore and the Philippines as the most directly affected by the food inflation pressures because both are net food importers. Getty Images Food supply pressures in Southeast Asia are drawing renewed attention as higher energy prices linked to the Iran war, rising fertilizer costs and concerns surrounding El Niño add strain to agricultural markets across the region. Goldman Sachs said the combination of those factors would add to existing food inflation pressures over the next year, with countries that depend heavily on imported food and farm inputs facing greater exposure.