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Economy

Asian farmers can't meet rising food demand: Rabobank

Dutch lender joins UN in $1bn campaign to alleviate problem

A boy harvests rice in Babelan village in the Bekasi district of Indonesia's West Java province.   © Reuters

HONG KONG -- Asians may be getting wealthier, but their money may not be able to buy them all the food they need, as the region faces a lack of arable land and low agricultural productivity, according to Dutch cooperative lender Rabobank.

"Although the population growth has slowed down quite a lot in China, the demand for food is still increasing very, very much because of the wealthier population, the mid-market that is existing now," Diane Boogaard, CEO of Rabobank Asia, told Nikkei Asian Review.

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