BENGALURU: Poor people across the globe spend about 60 to 80 percent of their income on food. And the world wastes 1.3 billion tonnes of food every year of which Americans waste about 141 trillion calories worth of food each day.

Every year the food prices are increasing and in the similar manner expenses and savings are also rising. If the monthly capital of food is invested for 30 years in a 10 percent compounded returns then it will fetch 20.5 Lakh rupees.  If invested in debt option that gives 8 percent additionally, making  the invested amount 45 Lakh rupees; it will reach 58 Lakh rupees if hybrid investment option is selected which offers 10 percent each year. Further, the amount can be 80 Lakh if invested in equity funds that yields 12 percent of interest. This wastage of food can cost so much in the long run.

Cutting down waste is not a daunting task, you just need to follow these steps to reduce food wastage:

Shop smart: A smart planning may save money and wastage. Planning should include foods which are consumed often; bulk purchase of tomatoes or leafy vegetables is not advisable as they perish within 2 to 3 days.

Wise storage: Fridge can best serve in terms of storage of fruits, vegetables, milk and other items. Clean the storage often by following the first-in-first-out rule. Also change the temperature setting of the fridge according to the season.   

Know how much to cook: Most of the food wastage occurs due to large cooking, so change the habit. Make sure that nothing is left after eating. And always keep the habit of checking the expiry dates of the food; plan and cook accordingly. 

Estimates from Farming First, a coalition of multi stakeholder organization reports that by the year 2030, only 1 in 7 people are expected to be consuming less than 2,500 calories per day. So to evade crisis in the near future eliminate the food wastage.

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