Food Waste Impacting Global Agricultural Prices, World Bank Report Says
News sources report on a new World Bank report (.pdf) discussing food prices worldwide.
The Independent: Third of the world’s food is never eaten — and it’s increasing the cost of your weekly shop
“A third of the food the world produces is never consumed, meaning that prices are being artificially inflated and resources wasted — but record harvests of wheat and maize are bringing some relief to struggling consumers by bringing prices down from their recent all-time high. These are the findings in a damning new report from the World Bank, which chastises wealthy nations such as the U.K. and the U.S. for throwing away far too much food and laments the woeful food handling and storage facilities in the developing world, which allows essential staples to perish…” (Bawden, 2/27).
Reuters: Rampant food waste a barrier to cutting poverty: World Bank
“The world loses or wastes a staggering 25 percent to 33 percent of the food it produces for consumption, losses that can mean the difference between an adequate diet and malnutrition in many countries, the World Bank said in a report released on Thursday…” (Krasny, 2/27).
RT: ‘Shameful': World loses up to third of produced food, World Bank says
“The world loses a staggering one-quarter to one-third of all food produced for human consumption, according to the World Bank’s quarterly Food Price Watch report, with the developed world leading the wastage…” (2/27).
World Bank: Food Price Watch, February 2014: Prices Decline at a Slower Pace; Focus on Food Loss and Waste
“Prices of internationally traded food commodities continued to decline — by three percent — between October 2013 and January 2014, adding another quarter to previously observed price declines since the August 2012 historical high…” (2/27).