Tag Archives: Panic Buying

When Malaysia announced its lockdown in March, Singaporeans rushed to supermarkets to stock up on eggs and shelves were empty in no time. Prices of eggs started to increase slightly due to border restrictions. Fast forward 3 months, Malaysia is out of lockdown and has resumed their supply. Eggs are flowing into Singapore from Malaysia, Thailand, Australia, New Zealand and recently Poland. At the same time, demand from F&B dropped. As a result, egg suppliers find themselves having too many eggs, some having to discard as many as 250k eggs.

With this sudden increase of cases on Italy and South Korea, there were also reports that the towns in these two countries that were badly affected have seen the residents panic buying in supermarket, causing essential items to basically run out. So,based on our Ah Beng Minister Chan Chun Sing, these people in South Korea and Italy should be called idiots too? After all, they are panic buying, just the same as people in Hong Kong and Singapore.