28/06/2026
Southeast Asia will likely face a food-supply shock, as food becomes more expensive on higher oil and fertilizer prices caused by the Middle East conflict as well as exposure to the effects of a potential strong El Niรฑo event in late 2026, according to a report by Goldman Sachs.
Among Southeast Asian nations, the bank expects Singapore and the Philippines to be directly exposed to shocks in global food prices, due to their position as net food importers.
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