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The price premium for organic food is an important factor in the economic viability of organic farming. In 2013 there was a 100% price premium on organic vegetables and a 57% price premium for organic fruits.
While organic food accounts for about 1% of total food production worldwide, [50] the organic food sales market is growing rapidly with between 5 and 10 percent of the food market share in the United States according to the Organic Trade Association, [117] significantly outpacing sales growth volume in dollars of conventional food products ...
According to Shanghai Organics, some consumers still view organic as a foreign idea, separate from food safety issues that garner the most attention. [9] The biggest barrier is still price, which is much higher when compared to conventional products. In America the premium for organic prices are between 9–78% the price of conventional products.
And more increases appear to be coming down the pike for the pulped-paper-packed protein: Wholesale prices for chicken eggs soared by nearly 55% last month, and wholesale food prices rose by 3.1% ...
Conventional produce is randomly assigned four-digit PLU codes in the 3000 and 4000 series. [1] Organic produce may be designated by prefixing the four-digit conventional PLU with a 9. [1] Numbers 83000-84999 were supposed to be used for GMO productions, but they were opened for general use after GMO growers declined to use them. [1]
Organic soybean meal prices continue to edge higher and are currently quoted at 630 per metric ton FOB India. There are concerns amongst merchandisers that are helping to keep prices buoyed.
The Jacobsen forecasts organic soybeans could hit $23 per bushel by Q1 2021
From the perspective of science and consumers, there is insufficient evidence in the scientific and medical literature to support claims that organic food is either substantially safer or healthier to eat than conventional food. [21] Organic agriculture has higher production costs and lower yields, higher labor costs, and higher consumer prices ...