Business & Policy
Worldwide food demand increasing
Dec. 22, 2011 - With the world's population continuing to rise, farmers have no choice but to produce more and more product to meet the demand.
In an article published in Commodity Online, author Sreekumar Raghavan discussesa recent report by the Food and Agriculture Organization (FAO) that says, "an expanded world population will be consuming two thirds more animal protein than it does today, bringing new strains to bear on the planet’s natural resources. Meat consumption is projected to rise 73% by 2050, dairy consumption will grow 58% over current levels"
In order to provide resources to this expanding population, Raghavan says that meat and poultry are key. Therefore, feed crops such as corn and soybean will also see an increase in profits as the population edges upwards.
"Since 1967, global production of poultry meat increased by around 700 percent. Other products saw surges in production as well, including eggs, which registered a 350 percent increase, pig meat (290%), sheep and goat meat (200%), beef and buffalo meat (180%) and milk (180%)."
The rest of the article can be read here.
December 22, 2011 By David Manly