Food loss and waste is a global issue with estimated cost of almost 1.7trillion dollars that is 1.3billion tonnes annually. Global forecast (2030) 2.2trillion dollars (2.1 billion tonnes). By reducing food loss/waste, there is the potential to not only reduce financial losses, but also to capture financial gains through new market, revenue opportunities and improve brand value. Food lost and wastage usually start from production, post harvest, processing and packaging, distribution & retail and consumer.
Also, growth in agriculture has shown to be two to four time more effective at reducing extreme poverty than growth in any other sector, and more than 80% of food is produced by smallholders. Globally, more than 820million people go to bed hungry everyday. Not only do hunger and malnutrition cause poor health and impair cognitive development, they undermine economic growth and perpetual poverty.
Through long-term investment in agriculture, food and nutrition safely. Putting measures progress in creating productive employment, generally income and reducing rural poverty.