Food prices in Southeast Asia could increase by at least 30% and up to 59% due to extreme weather events coupled with the costs of transitioning to a low-carbon economy by 2050, according to a 2024 Oxford Economics report. The analysis reveals based on historical data that a 1% increase in the average temperature in the ASEAN region spikes food producer prices by 1-2% across Thailand, Vietnam, Malaysia, Indonesia and the Philippines.
