The Food and Agriculture Organisation estimates $83bn per annum needs to be spent over the next 30 to 40 years to meet the global population’s food requirements by 2050.
But the need for new solutions that are both sustainable and ethical is increasingly required, Investment Week‘s Climate Change and Ethical Investment conference was told.
The social consequences of rising wheat, oil and dairy prices, which are set to increase between 15 per cent and 45 per cent over the next decade, puts food security along with climate change and genetically modified (GM) crop technology high on the agenda of challenges facing food production.
With food output needing to increase by 70 per cent to feed a growing population, there is also an ongoing imbalance in demand and supply.
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