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Aquaculture and Singapore's Food Security

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Aquaculture has gained some interest and publicity in recent months, largely due to being mentioned my Finance Minister Heng Swee Keat in his Budget 2019 speech.

So why is it getting all the attention?

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Aquaculture and Singapore's Food Security

  1. 1. AQUACULTURE ANDFOOD SECURITY INSINGAPORE KENNETH CHAN
  2. 2. Aquaculturehasgainedafair bitofpublicityafterFinance MinisterHengSweeKeat’s Budget2019Speech
  3. 3. BUTWHY?
  4. 4. offoodconsumedin Singaporeisimported 90% Source:SingaporeFoodAgency
  5. 5. In2018,only9%ofallfish eateninSingaporewas producedlocally Source:SingaporeFoodAgency
  6. 6. This makes us vulnerable to external shocks and developments which impact our food supply.
  7. 7. SOWHATISBEING DONEABOUTTHE SITUATION?
  8. 8. ofournutritional needsby2030 30% TheSingaporegovernment hasannounceditsaimto produce Source:ChannelNewsAsia
  9. 9. BarramundiAsia,alocal barramundifishfarmhas extendeditsnursery Source:TheStraitsTimes
  10. 10. Itexpectstoincrease productionby300%to atotalof 1.8 million fishfryayear! Source:TheStraitsTimes
  11. 11. $90 million InvestmentfundingthatEnterprise Singaporehopestofunnelintoagri-foodtech startupswiththeirinvestmentpartners Source:TheBusinessTimes
  12. 12. TheSingaporecampusof JamesCookUniversityis buildingcapabilities locallybyofferinga degreeprogramme, majoringinAquaculture.

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