Lloyd’s Looks At The Global Food Chain In 2050

World population is projected to balloon to over 9 billion by 2050, and that will place major challenges before the global food supply chain, says an article in the summer issue of ‘MARKET – Insights from the world of Lloyd’s.’ The recent horsemeat-in-beef scandal in Europe and the fungi-contaminated animal feed that led to a recall of thousands of liters of milk in Germany are symptomatic of the problems afflicting the global food supply. Ultra-tough prices set by supermarkets are thought to be one reason that sparked the substitution of horsemeat for beef in Europe. Demand from biodiesel manufacturers caused…