Asia needs $800bn over the next decade to feed itself
INTERNATIONAL – Asia’s food and agricultural industry will need additional investments of $800 billion over the next decade to grow to a sustainable size and reach a point where it can feed itself, according to a report Wednesday.
Population growth, changing consumer needs and climate change are among the challenges. The region is urbanizing rapidly, and by 2030 will be home to 250 million more people, equivalent to another Indonesia, with a growing appetite for healthy food sustainably and ethically sourced, according to PwC, Rabobank and Temasek Holdings Pte, Singapore’s state investment company.
Most of the investment, or about $550 billion, will fund core needs revolving around sustainability, safety, health and convenience, while the other $250 billion is to provide increased amounts of food for the growing population.
Source: iol.co.za
