How Much Money Could We Save by Cutting Food Waste?

Between $120 billion and $300 billion a year by 2030, according to a new report.

But how achievable is this?

According to the report, to achieve this target would require a 20-50 per cent reduction in consumer food waste.

Currently, one third of all food produced in the world ends up as waste, while the value of global consumer food waste is more than $400 billion per year - continue reading.

Also this week...

Latest estimates from the International Grains Council (IGC) again saw increased production estimates for the 2014/15 world wheat harvest.

Global wheat production is forecast at 719Mt, up 2Mt from the previous forecast, mainly driven by an upward revision the Argentinian forecast from 12.5Mt to 13.9Mt.

Although demand forecasts were increased by 1Mt to 709Mt, it would still suggest a global wheat surplus of around 10Mt at the end of this season - read more.

Do Lower Prices Mean Fewer Acres?

Lower energy prices, lower transportation costs, the appreciation of the US dollar, drought intensification in the West, and the Farm Bill implementation will affect the agricultural economy in the US over the short term. 

Record global crops for grains and oilseeds have contributed to stock rebuilding, lowering concerns about price volatility, softening export demand, and reducing expected prices for the 2015/16 marketing year - read more.

~ Gemma