Produce Photo from Shutterstock

According to the latest issue of the World Bank’s quarterly Food Price Watch, the world loses or wastes one-quarter to one-third of all food produced for human consumption. This shocking statistic means that while much of the world suffers from malnourishment, up 1520 calories per day are thrown away in the developed world.

In a statement, Jim Yong Kim, President of the World Bank Group said: “The amount of food wasted and lost globally is shameful. Millions of people around the world go to bed hungry every night, and yet millions of tons of food end up in trash cans or spoiled on the way to market. We have to tackle this problem in every country in order to improve food security and end poverty.”

Related: The Cost of Food Waste Infographic

The World Bank report added that due to record-setting harvests in wheat, maize and rice, increased supplies, and stronger global stocks, global food prices declined by 3 percent over the last quarter. The report also outlined how the economic, social, and environmental implications of food loss and waste could be prevented by engineering and policy interventions in developing and developed countries.

In a bid to reduce food waste, The World Bank Group said they were “committed to boosting agriculture and agriculture-related investment”.

+ The World Bank

Via Huffington Post

Images: USDAgov and Nick Saltmarsh

Related: Study Finds Cutting Food Waste Could Feed One Billion Hungry People