Local high-tech farms will not be able to compete on price alone, but we cannot simply lament that consumers aren’t willing to open their wallets to show support, says RSIS food security expert Paul Teng.
Some local farms have faced delays or failures, in a blow to Singapore's goal to produce 30 per cent of nutritional needs locally by 2030. SINGAPORE: When the “30 by 30” goal was announced in April 2019, no one could have anticipated how Singapore’s food security would be on everyone’s minds barely a year later - when the pandemic gave us the unfamiliar sight of empty supermarket shelves.
Given these shake-ups, is the 30 by 30 goal looking increasingly unrealistic? Will mid-point corrections be needed and expectations lowered as 2030 looms? Admittedly, the vagueness allowed room for creativity and innovation. Some positive outcomes have been increased activity among agri-food start-up companies and technology developers, more research and development on agri-food production and productivity arising from the increased funding availability.Commentary: Is Singapore’s decades-long shift away from agriculture about to take a U-turn?
A sobering realisation with high-tech farms and factories is that energy costs determine their economic viability and indirectly affect how produce is priced.
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