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The COVID-19 pandemic boosted organic food sales in the EU, enabling it to overtake the U.S. market in 2021. However, spiraling inflation combined with high food and energy prices will likely reduce organic food sales in most EU markets in 2022.

On December 6, 2022, the Council of the European Union and European Parliament concluded negotiations on the EU’s Deforestation-Free Supply Chain Regulation.

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.