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- (-) January 2023
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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.
U.S. food and agricultural exports though the first nine months of 2022 were nearly $500 million – outpacing record highs in 2021 by 30 percent – on higher commodity prices and sustained demand for U.S. feed grains.