This comes amid falling food production in 2023 and a recent spate of farm closures in Singapore.
SINGAPORE – Local produce could potentially be aggregated and supplied to hawkers to help create more “predictable and consistent” demand for farmers, said Mr Melvin Yong in Parliament on Aug 7.
Agriculture sector observers and experts had cited high electricity prices and lack of local demand as some of the main culprits behind the challenges that the industry faces. “This can result in a win-win outcome where farmers get more certain demand, and our local hawkers get fresh, quality, local ingredients,” he added.
The ACT fund comprises co-funding components for local farms to help them build and expand their production capabilities and capacities, so that they become more highly productive, climate resilient and resource efficient.
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