Friday, April 18, 2008

Pricing Organics Out of the Market?

"NEW YORK, April 18 (UPI) -- Rising prices are putting the squeeze on both sides of the organic food market -- prices of items and production costs, various sources said.

"It's probably the most dynamic and volatile time I've seen in 25 years," Gary Hirshberg, chief executive of organic dairy producer Stonyfield Farm, told The New York Times.

"It's extremely difficult to predict where it's going," he said.

At the store, prices of organic milk have risen to $6 a gallon, while a dozen Eggland Best Organic eggs fetch $4.59 to $4.99, up from $3.79 to $4.29 in 2007, the Times reported.

"We have to be very careful about not pricing organics out of the market," said Perry Abbenante, grocery coordinator for organic retailer Whole Foods Market."

Read the article