Aussie households are wasting almost $20bn a year throwing out food – the equivalent weight of 152 Sydney Harbour Bridges – with retailers raking in more than $1bn from the simple act.
The shocking findings from progressive think tank The Australia Institute follow the country’s grocery giants posting massive profits amid a cost-of living crisis where Australians are struggling to keep soaring grocery bills down.Aussie households waste almost $20bn a year in food. Picture: NCA NewsWire / David Geraghty.Researchers from the Australia Institute found Australian households waste 7.6 million tonnes of food every year.
“It is important to note that this $1.2bn represents the profit earned by food retailers alone from food waste. In 2021, Food Innovation Australia Limited developed a road map to help reduce Australia’s food waste levels, outlining possible campaign and policy changes to reduce the amount of food going to waste.
“If that means trimming the profits that Coles and Woolies make from food waste, well, that’s a price I think most Australians would be happy to pay.” “We recognise that food waste is a significant issue in Australia and are supportive of considered industry reform that seeks to address the problem,” a Coles spokeswoman said.
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