See full analysis Learn more Food & Agriculture [New] A groundbreaking study released last month by DuPont Nutrition & Biosciences predicted a 200% increase in demand for plant-based meat in China over the next five years. [New] KfW of German and the World Food Programme have committed to premium financing of $2 million each, to support Zimbabwe, while Zimbabwe will contribute US$500000 towards premium financing. [New] Germany's state development bank KfW and the World Food Programme have committed to contribute US$ 2 million each, to African Risk Capacity Insurance Company Limited to support premium financing of insurance against risks caused by extreme weather events in Zimbabwe. [New] Global coffee demand is expected to triple production by 2050, raising pressure on forests and other habitats in the tropical regions where it's grown as farmers look for new land to till. [New] The economic value of South Asia's agribusiness is expected to reach US$ 1.5 trillion by 2030, which is about twice the current value. [New] Britain's food and drink industry alone could face an additional 3bn pounds ($4bn) of extra costs a year from increased bureaucracy, the group estimates. [New] Although production reached near-record levels in Russia, Ukrainian production suffered significantly from drought, falling 3.67 million mt year on year to a projected 25.50 million mt for the 2020-21 harvest, according to the USDA's December World Agricultural Supply and Demand Estimates report. [New] Hooray Foods bacon is on the West Coast of the United States in just a couple of stores, but will grow in 2021, and vegans can finally have their bacon and eat it, too. [New] Over the coming decades, the agricultural food system will undergo an accelerated transformation to provide access to enough food for a growing world population. [New] China will strive to tackle problems related to seeds and farmlands in 2021 as part of efforts to ensure food security. [New] Last month, Unilever - the world's 19th largest food and beverage manufacturer - set a new annual global sales target of $1.2 billion from plant-based meat and dairy within the next five to seven years, about five times what it forecasts it will make from plant-based sales in 2020. [New] Credit Suisse expects online grocery spending-including fresh foods and household goods - in China to reach 4.2 trillion yuan, the equivalent of about $642 billion, in 2025, from 0.9 trillion yuan last year. [New] As global populations grow, and people become wealthier and consume more, that need for new agricultural land is just going to increase, resulting in at least 2 million sq km of new farmland by 2050, and maybe as much as 10 million. 2021 might pose a serious threat to food production in Nigeria as a result of COVID-19 which has adversely affected farmers. In Yemen, 13.5 million people are facing high levels of acute food insecurity, a number predicted to rise to 16.2 million - more than half the population - in the first six months of 2021. Smithfield Foods became the first major protein company to commit to becoming carbon negative in all company-owned operations in the United States by 2030. The global food system is on course to drive rapid and widespread ecological damage with almost 90% of land animals likely to lose some of their habitat by 2050. The CCC has been clear that, in order to achieve net zero by 2050, GGRs will be necessary to balance residual emissions from some of the most difficult to decarbonise sectors, such as parts of the agriculture and aviation sectors. China's recovery in terms of livestock and production will be more or less complete by 2025, and its imports of all types of meat, boosted in 2019-2020, will shrink towards 2030. Sustainable Development Goal 12 of the United Nations on 'responsible production and consumption' states that by 2030 food losses and waste, should be reduced by 50%. Given that the phase - one trade deal is a two-year deal, with the value of exports set to pick up over the second year to US$43.6bn, Chinese buying could very well continue to support a number of agricultural markets. Virginia-based utility Dominion Energy has built a 12 MW pilot project off the Virginia coast that came online in 2020, and it plans to build 2.6 GW by 2026, a major step toward meeting the targets set by Virginia's Clean Economy Act to secure 5.1 GW of offshore wind capacity by 2034. Last updated: 10 January 2021 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No