Rabobank, a leading global bank in food & agri and sustainability, is proud to announce the launch of the Food Loss Challenge Asia.
Debuting in Asia, the open innovation Challenge will see disruptive start-ups present their ag-tech solutions to reduce food loss to a platform of leading Food & Agri industry leaders, investors and other start-ups.
The Challenge aims to address the global problem of food loss. Every year, 1.3 billion tons of food is lost worldwide whilst world population is expected to increase by 2 billion people to over 9 billion people. To meet the increased demand for food, global food production will have to increase by at least 60%, while at the same time arable land and natural resources are nearing their limits. To address this fundamental concern, Rabobank is committed to contribute to one of the most pressing issues identified by the UN Sustainable Development Goals to halve food loss by 2030. Against this backdrop, Rabobank Asia is launching the Food Loss Challenge Asia, an initiative to facilitate constructive dialogue between solutions providers, F&A corporates and small holder farmers.