A third of global food production goes to waste, says report
Food waste, costing US$400b a year, becoming serious economic, environmental issue
Washington
WITH millions of US households struggling to have enough to eat, and millions of tonnes of food being tossed in the garbage, food waste is increasingly being seen as a serious environmental and economic issue.
A report released on Wednesday shows that about 60 million tonnes of food is wasted a year in the United States, with an estimated value of US$162 billion. About 32 million tonnes of it end up in municipal landfills, at a cost of about US$1.5 billion a year to local governments.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue