Southeast Asian leaders must take more care with food policy

Export bans, new taxes and subsidy cuts challenge vital industrial sector

20221130 India wholesale grain market.jpg

Laborers separate husks from grains of paddy rice at a wholesale grain market on the outskirts of New Delhi: Export restrictions are a grossly inefficient solution to rising prices. © NurPhoto/Getty Images

James Lambert is director of economic consulting for Asia at Oxford Economics in Singapore. Thang Nguyen is lead economist macro consulting for Asia at the company.

Tightening food supplies and soaring prices have put food security high on the agenda of Southeast Asian nations, as reflected in discussions at their leaders' summit last month in Phnom Penh.

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