Asia

Asia Food Export Bans Fuel Protectionism Fears – NYT

From Indonesian cooking oil to Indian wheat and Malaysian chickens, Asian governments have implemented a number of food export bans this year due to food security risks from the war in Ukraine, the coronavirus pandemic, extreme weather and rising energy and fertiliser prices, The New York Times reported.

While leaders do not want to be blamed for allowing staple commodities to be sold abroad at the expense of domestic consumers, such bans risk hurting farmers and producers, the paper said. One risk is that export bans by countries that rely heavily on food imports could prompt neighbours to retaliate, an analyst told the Times.

Read the full report: The New York Times

 

READ MORE:

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Soaring Inflation Takes Toll on Asia’s Street Food Sellers

 

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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