Unless you are living under a rock, you would have heard of the chicken export ban that began yesterday.
And while Singaporeans were in the process of reeling from less chicken meat for an indefinite period, Malaysia scared us again when they announced that they had insufficient fish stocks, leading to higher prices.
But fret not, you won’t be surviving on pork only and your cai png with fish days are not over. Here’s why.
Fish Prices Constantly Fluctuate
Firstly, lest you didn’t know, fish prices are dynamic and not static. Essentially, they fluctuate according to the supply and demand.
That is why during Chinese New Year, fish prices are at an all-year high because more people will buy them to get the nian nian you yu vibes.
However, despite the occasional increase, the change is not usually that dramatic.
At least, that was the case until recently.
Price Surge Due to Low Supply
In the last few weeks, the price of fish has increased by 30 per cent, which is clearly not normal.
The reason behind the price surge was due to 70 per cent of the fish in Malaysia disappearing which was attributed to illegal fishing.
Now, this situation should definitely ring a bell.
Before Malaysia banned its export of chicken, chickens were in shortage, so it won’t be surprising if Malaysia also bans its fish export lah.
The bad news if that happens?
About 25% of the seafood in Singapore is imported from Malaysia.
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Singapore is Prepared
But here’s the thing: Singapore is actually kind of prepared if there is an export ban on seafood from Malaysia.
And no, it doesn’t mean Singaporeans switching to a purely vegetable diet.
In fact, Singapore is no stranger to Malaysia’s banning antics. Sometimes during monsoon and festive seasons, Malaysia will ban certain seafood products for export due to shortage.
During those periods, Singapore just taps on other sources such as Indonesia which is our largest supplier of seafood, supplying up to 50% of it.
So TLDR: Don’t need to worry about no fish because Singapore will have enough. Just keep missing your chicken meat and look for some alternatives to that.
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