Oct 25, 2018

Unsafe food in LMICs costs $110 billion a year – World Bank

The impact of unsafe food costs low- and middle-income economies about $110 billion in lost productivity and medical expenses each year, according to the World Bank.

The study, supported by the United States Food and Drug Administration, found some costs could be avoided through practical and often low-cost behavior and infrastructure changes at points along food value chains.

Productivity loss associated with foodborne disease in low- and middle-income countries (LMICs) is estimated at $95.2 billion per year and the annual cost of treating such illnesses is around $15 billion.

Other costs including losses of farm and company sales, foregone trade income, health repercussions of consumer avoidance of perishable yet nutrient-rich foods and the environmental burden of food waste are more difficult to quantify.

China accounts for more than $30 billion of the total burden of foodborne disease in LMICs and India for $15 billion, with the two countries responsible for 49 percent of the economic burden of foodborne disease in LMICs and 71 percent of the total burden in Asia

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Source: Food Safety News

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