A new report estimates that the value of food waste in Canada amounts to a staggering $31 billion a year. Here are some ways you can reduce food waste.
TORONTO – A new report estimates that the quantifiable value of food waste in Canada amounts to a staggering $31 billion a year.
Released Wednesday by Value Chain Management International (VCMI), the report said this number equates to food that is described as terminal waste or food that goes to landfill, composting, bio-digestion, or animal feed and is discarded by both consumers and businesses.
While $31 billion may seem high, the true value of food waste is much higher.
“Such little quantifiable data exists on avoidable food waste occurring in institutions – such as hospitals, prisons, and schools – that we purposely omitted them from our calculations,” read the report.
WATCH: Dr. Martin Gooch of Value Chain Management International has more details about the report
The cost of food waste falls into two major groups: quantifiable and unquantifiable. The quantifiable costs of food waste include the value of food wasted…
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