SINGAPORE (Nov 21): In line with a rising demand on the back of population growth and changing food requirements, Asia is expected to double its total spend on food over the next decade to over US$8 trillion ($10.9 trillion) by 2030, from US$4 trillion currently. 

This is according to a report jointly released by PwC, Temasek and Dutch multinational banking and financial services company Rabobank, which delves into Asia’s food and agricultural landscape.

The “Asia Food Challenge Report: Harvesting the Future” report also found that an additional US$800 billion worth of investments will be needed to grow Asia’s food and agriculture industry to a sustainable size over the next 10 years. 

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