Transform food systems to avert $400 billion annually in loss and waste, According to the UN, an estimated one-third of all food is lost or wasted worldwide as it moves from where it is produced to where it is eaten. “We cannot continue to lose 14 per cent of food produced globally and to waste 17 per cent of total food in households, retailers, restaurants and other food services. This amounts to a loss of $400 billion a year in food value,” said Qu Dongyu, Director-General of the Food and Agriculture Organization