Inflation is impacting the organic industry. It happens on This Land of Ours.
Continued inflation led to higher retail prices for organic fresh produce during the third quarter of this year. The Biologics Network say that drove a 4.1% increase in total organic dollars, but also contributed to a 4.5% decline in organic volume compared to the same period last year.
Overall, the price of organic fresh produce per pound increased 8.9% during the third quarter compared to the same period in 2021. Sales during the third quarter exceeded $2.4 billion this year. At the same time, the average price per pound of conventional products increased by more than 10%, with total sales of nearly $18 billion. Tomatoes were the bright spot in organic sales in the third quarter, thanks to a 19% increase in volume and a strong 30% increase in dollars.
Fourteen of the major categories posted year-over-year dollar increases, led by potatoes, onions and peaches.
Listen to Sabrina Halvorson’s This Land of Ours program here.
National Correspondent / AgNet Media, Inc.
Sabrina Halvorson is an award-winning agricultural journalist, broadcaster and speaker. She hails from the agriculturally rich Central Valley of California.