As of 2021, Singapore imported about 25% of its seafood from Malaysia. Three-quarters of Malaysia’s fish supply is wild-caught – but fish stocks have been shrinking and fishermen are having to go out further to sea for longer. As a result, their costs are rising – and so are retail prices.
Fish farms, too, have not been spared the impact of external factors like the war in Ukraine that has led to higher operational costs.
00:00 Frequent storms in recent years
01:16 Global warming impact on fish stocks
01:36 Inflation hits fish feed cost
02:20 Tips to beat rising prices
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