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Organic Market Seen To Double By 2012

The global sales of certified organic products is expected by the UN Conference on Trade and Development to increase to 52 billion euros by 2012, up nearly half from the 30 billion euros in 2006, in turn a 20 percent increase over the previous year.

The major markets are North America and Europe and South Korea, Taiwan, Singapore and Malaysia. Exports from developing countries, including the Philippines, are increasing.

The attraction is that organics are priced higher, up to 150 percent more expensive than conventional products in Europe and 20 percent to 50 percent higher over non-organic products in Philippine supermarkets. [Read more...]