Food prices in Singapore rise as shipping costs spike amid COVID-19 pandemic

Food in Singapore got a little more expensive in July, with prices growing 1.1% on-year. Suppliers said beef, in particular, is among the products that rose the most -- at about 35% more during the pandemic. They added that this is due to higher shipping costs and the growing penchant for beef in China. One meat export federation said many of the more than 100 distributors and importers are absorbing about 75% of the price increase. Food suppliers expect prices to come back down and remain stable once countries open up more. Subscribe to our channel here: Subscribe to our news service on Telegram: Follow us: CNA: CNA Lifestyle: Facebook: Instagram: Twitter: