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THE INTELLIGENCE


Japan food exports at record high


The agriculture ministry reported that Japan’s exports of farm and food products surged 30.8% in January to June 2021 from a year before to ¥540.7bn. It exceeded the ¥500bn for the first time in the first half of the year. The increase can be attributed to the increased shipments of beef and alcoholic beverages such as sake. Exports of beef from Kyushu roughly doubled. Exports of alcoholic beverages rose by 83.1%, with increased interest in sake and Japanese whisky. Exports rose by 16.8% to Hong Kong, Japan’s biggest export destination. While exports to the US shot up 43% and 34.4% to China. Exports of food products aimed at dining at home have also fared well, following the stay- at-home lifestyle adopted in many countries around the world due to the pandemic. Japan’s government is aiming to boost


farm and food exports to ¥2trn in 2025 and ¥5trn in 2030.


Vegan eggs the solution to demand outstripping supply in Singapore


With panic buying rife during the first lockdown in Singapore, food security became a serious concern. The government responded with the Singapore Food Agency (SFA)’s target to produce 30% of the nation’s food by 2030 or the “30 by 30” goal. Hoow Foods announced a plant-based subsidiary Hegg Foods. It aims to create sustainable food products, addressing the demand for healthier, environmentally friendly, plant-based alternatives. Eggs are an affordable source of protein. According to Hegg Foods’ CEO Ow Yau Png, Singaporeans consume over five million eggs daily, but local production meets less than 27% of the demand. Hegg is working to fill the gap, by tapping into alternative protein. Manufactured in Singapore, Hegg Food is made with legumes and plant-based ingredients. One serving of Hegg compares to the protein content of one regular sized chicken egg, with less fat. It is also free from cholesterol, soy gluten, and has no added preservatives. In its powdered form, it is easier to manufacture, with no refrigeration required. It also offers a longer shelf-life and is more convenient to transport. It is also cruelty-free, has a lower carbon footprint, and is free from hormones and antibiotics. Consumers can expect to buy plant-based eggs from 2022.


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ASIA PAC


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