A Moment In Time Look At Organic Retail Prices
July 21, 2016 | 1 min to read
Consumers can find certified organic products at most grocery stores and demand for organic products continues to increase, with U.S. retail sales valued at more than $43 billion in 2015. Organic products are grown, raised and produced by over 31,000 certified operations, and many of those operations receive higher prices, or premiums, for their products.
Recently, USDA’s Economic Research Service (ERS) issued a report entitled Changes in Retail Organic Price Premiums from 2004 to 2010. The report highlights the retail price premium charged for organic foods compared to conventional products. For the report, ERS used a virtual shopping basket of 17 products and data collected from Nielsen scanners to calculate the organic prices and how they changed from 2004-2010.
USDA Market News – administered by USDA’s Agricultural Marketing Service (AMS) – has expanded upon this research to find current year-to-date organic prices, as well as the current prices for selected commodities using weekly advertised specials.
To read the rest of the story, please go to: USDA Blog