Over the years we have seen significant price increases in food due to combination of factors such as wages, rental, setup costs and costs of fresh ingredients such as vegetables, poultry, seafood, meat and fruits. These price increases were not limited to just supermarkets and the blossoming of convenience stores across the country but also visible in community wet markets. Coupled with the introduction of delivery platforms such as Grab and Foodpanda, food prices are expected to remain high as merchants have to incorporate the delivery platform costs into their food pricing.
In addition, we see a lot of food wastage in our country as vegetables or fruits that are not so ideal and not sold are thrown away just like that. More than 4,000 tonnes of edible food waste are thrown away daily according to the Department of Statistics.