Egg production: Japan is investing in the construction of a farm in Singapore

Published 2021년 9월 30일

Tridge summary

Ise Foods Holdings, the largest Japanese egg producer, will invest over $100 million to build an egg farm in Singapore, with production expected to reach 360 million eggs and five million chicks annually by 2026. This investment aims to increase Singapore's egg self-sufficiency, as current local production covers only 28% of the country's demand, leading to heavy reliance on imports. The Singapore Food Agency is working to boost local market development to support the government's food security objectives, which include producing 30% of food locally by 2030. The plan follows a significant decrease in Ukraine's egg production, primarily due to issues with major producer Avangardco, leading to a 14.4% drop in total egg production from January to July 2021 compared to the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The largest Japanese egg producer, Ise Foods Holdings, will invest nearly $ 100 million in the construction of an egg farm in Singapore. After the project is completed in 2026, egg production in the complex, located on an area of 13 ha, is expected to amount to 360 million eggs and five million chicks annually. Construction is scheduled to start in 2022, and individual facilities are to be put into operation gradually from 2024. The new investment capital is expected to help increase the self-sufficiency of egg production in Singapore. Currently, egg production on Singaporean farms accounts for only 28 percent of the country's supply. This causes a great dependence on foreign supplies. In 2020, more than 70 percent of eggs in Singapore were imported from more than a dozen countries. Thanks to the investment commitment of Ise Foods Holdings, half of the required eggs will be produced locally. The Singapore Food Agency (SFA) believes that further efforts are needed to attract new ...
Source: SwiatRolnika

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