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Singapore’s food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers.
This report reflects significant changes from the June 2022 report, including updates on Food Labeling in Section II, Other Specific Standards in Section VII, Import Procedures Section IX, and Trade Facilitation in Section X.
The contents of this report do not change from the previous report in 2021. This report lists the major certificates required by the Burmese government agencies for U.S agricultural products exported to Burma.
The report provides information on the regulations and procedures for the importation of food and agricultural products from the United States to Singapore.
This report discussed food and agricultural export product certificates currently required by the Singapore Government.
Most raw materials for food processing are imported into Singapore due to its limited land, natural resources, livestock, and agricultural production. Singapore imported $1.2 billion of U.S. processed food products in 2022, which was a 9% increase compared with 2021.
FAS Rangoon (Post) forecasts Burma’s rice exports, corn exports, and wheat import smaller in MY 2023/24. Exporters and importers continue to face a lot of uncertainties with the continuing changing policies on export/import procedures and foreign currency controls.
FAS Rangoon forecasts Burma’s corn production lower due to rising production costs, unstable security conditions in some production areas, and unfavorable weather especially in Shan State.
Singapore’s economy is rebounding strongly from the COVID-19 pandemic. The city-state’s highly import dependent, multi-billion dollar food industry is driven by robust consumer spending, high disposable incomes, and intense urbanization.
This guide serves as a resource for U.S. companies seeking to do business in Burma and provides market overviews, practical tips and information on local business practices, consumer preferences, and trends. This report also identifies opportunities and entry approaches for the three major market sectors (food retail, food service, and food processing).
Singapore does not have any domestic commercial production of plant biotechnology. The Singapore Food Agency provides a link in its website that lists a total of 64 genetically engineered (GE) crops that have been approved for use as food for direct consumption, ingredients, and further processing into ingredients for other food in the country.
Post forecasts Burmese rice exports lower in November. Despite the contracted shipment to Bangladesh, slow demand from African countries and high domestic prices will lead to lower exports in November. Domestic prices for Emata increased in November as local traders are purchasing stock in anticipation of a lower production. Prices for Shwe Bo Pawson also remained high.