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By Megan Rowling BARCELONA (Thomson Reuters Foundation) - A new global standard for measuring food loss and waste will help countries and companies step up efforts to store, transport and consume food more efficiently, its backers said on Monday. Around one third of all food, by weight, is spoiled or thrown away worldwide as it moves from where it is produced to where it is eaten, costing globally up to $940 billion per year, the U.N. Food and Agriculture Organization (FAO) has estimated. The standard is the first set of international definitions and reporting requirements for businesses, governments and other organizations to measure and manage food loss and waste, with the aim of reducing it, its creators said.

 

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