Agri-food sector investing amid a looming food crisis
Around US$800 billion will need to be invested across Asia alone in the next 10 years, to drive efficiency and innovation
AS THE global population surpasses eight billion people, the resources required to service the global agricultural industry are already under immense strain. According to the UN, it is estimated that within 30 years, 56 per cent more food will be required to feed a world of 10 billion people.
Asia: Numbers don’t add up
The UN Food and Agriculture Organisation (FAO) and the World Bank estimate that agriculture utilises around 46 per cent of the world’s habitable land and 70 per cent of its fresh water, but in Asia resources are more stretched.
Home to 60 per cent of the world’s population, it is estimated that Asia only occupies about 35 per cent of the world’s arable land, prompting calls for communities to adapt and innovate across the agri-food system to improve productivity and efficiencies.
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