So a year ago, I started doing this new method of composting, and it's fabulous.
It's called a bokashi system, and the great thing about it is that you can put all of your food waste in it - not just peelings but cooked food and meat. Everything, in fact, except teabags for some reason. I'm veggie but I had an elderly and unwell cat, who would leave a lot of food, and I was chucking out loads of cat food. This system let me compost it instead.
You basically have a small bin with a lid, with a tap at the bottom. You empty your food waste into it, and press it down with a plastic tool. Then you sprinkle a small amount of a special bran on top and cover it. You repeat until the bin is full, then you leave it to sit for 3-4 weeks.
You then drain the bin with the tap - I generally get over a litre of fluid. This niffs a bit but it is spectacular plant food. You dilute it a great deal (about 15 ml to a watering can) and it makes your plants grow like billy-oh, especially veg.
When you look in the bin (holding your nose), the food waste is all petrified. It can be dumped into a compost bin and then covered with other waste or you can dig it straight into the ground to give new plants a boost.
The bin doesn't smell at all, because it's covered tight, though you do get a pong when you open it! You can buy them online, or alternatively make your own.