The government’s economic managers pursued an inappropriate import-heavy model for achieving food sufficiency, which is now being disrupted by the fallout from the Russia-Ukraine crisis, a poultry industry executive said. READ:
“Our economic managers and the Department of Agriculture believe that the template for us is Singapore, which is 90% dependent on food imports and yet is food-secure,” United Broiler Raisers Association President Elias Jose M. Inciong said in a phone interview.
Mr. Inciong said that the incoming administration can forestall a supply crisis by supporting domestic production. The food crisis triggered by the war between Ukraine and Russia has led governments to restrict the export of food commodities to secure their domestic supply. Ukraine is a major producer of grain and edible oils, while Russia is also a major grain and fertilizer producer, apart from being a leading energy exporter. The war has turned the Black Sea into a conflict zone, restricting both countries’ exports through that body of water.
Moody’s Analytics said that the food crisis will continue over the next two to three years if substitutes cannot be found.
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