Global Food Wastage Hits 1.3 Billion Dollars

IIMGC Micro-Credit Empowerment Program
June 10, 2015
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Sourced from Vanguard News; June 10, 2013

The United Nations Environment Programme, UNEP has decried the high level of food wastage going on globally, saying it now amounts to a trillion dollar every year.

In connection with the theme of this year’s World Environment Day: ‘Think, Eat, Save, Reduce your Foodprints,’ it says “each year an estimated one third of all food produced ends up spoiling in the bins of consumers, retailers, farmers and transporters. Together, these spoilt food total 1.3 billion tonnes and worth an estimated $1 trillion every year.”

“This amount of food can feed several millions of people who presently go to bed hungry every day,” the statement added.

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