Monday, November 26, 2007

Sambal or Samba Chicken

Did u know that 50% of our chicken, comes from Brazil?

With Inflation hitting a 16 year high of 3.6% this year, and likely to go up to 5% next year, do u know that, Brazilian chickens is one of Singapore's ways of solving the problem.

To start off, my wife opened the papers on Saturday, and was disturbed with a report that, Singapore was facing an inflation rate of 3.6%!

She asked me "Since you have an Honors degree in Economics, can u explain to me what this means? What can keep the prices low?"

Posed with this challenge, I hope I can put this as simply as possible.

Inflation means a general increase in prices. In the 1980s, u can buy a plate of chicken rice for $2, today it costs $3. This increase in price is called Inflation.

So how do we keep these prices down?

The traditional source of our chickens is Malaysia. However, when diseases like 'Avian Flu' hits ducks or other poultry, it makes healthy chickens/poultry hard to find.

This situation is worsened by the fact, that chicken, pork and other poultry are an essential component of the Asian Diet.

When healthy chickens are rare, prices go up!

Hence, to prevent the increase the price of a plate of chicken, Brazilian chickens are our solution! With an alternative source of poultry, we keep prices low!

Singapore is doing the same with seafood. Traditionally, we get seafood from Malaysia or Indonesia, but today we get our seafood from a place in Africa called 'Namibia'

I did not know that until yesterday! So guys, U can now safely say that u have tried African food!

I hope u guys are with me so far... I will further elaborate on the causes of inflation soon!

But...More importantly, It's 6 more days to 'Breakaway Camp', so make sure u invite your friends Today!


1 Comment:

doctors note said...

"Inflation means a general increase in prices. In the 1980s, u can buy a plate of chicken rice for $2, today it costs $3. This increase in price is called Inflation."

Good explanation of inflation. Inflation also is directly linked to excessive credit buildup and federal printing of money.

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