admin /2 May, 2007
Growing at around 25 per cent per annum, Certified Organics was following trends in the US, UK Europe and Asia, making it one of the fastest growing agricultural sectors in Australia, according to Biological Farmers of Australia.
Number of food processors grows 32pc: Organic food processing was the fastest growing sub-sector of industry with the number of licensed processors increasing by around 32 per cent in 2006.
Players achieve high growth: Recent entrant into organic retail and well known marketing entity Pierce Cody of Macro Wholefoods will present on retail and marketing. In just two years Macro Wholefoods had expanded from two to eight stores, with four being located in Melbourne. "We wish to help this industry to grow and encourage existing certified growers to convert more land to organic and conventional farmers to make the switch to organic. This is our number one priority,” said Cody.
Ample opportunities for new entrants: Opportunity exists for new entrants into the industry as increased demand for organic products, including through retail in major supermarket chains, saw the need for increased production and greater development of the supply chain.
Environmental benefits of organics: Apart from providing a growing market opportunity, organic production had many other benefits. With reports of water supplies continuing to decline and the effects of climate changes to bear in future, organic land practices could provide increased moisture retention, resistance to disease in plants and animals, decreased input costs and a generally consistent market premium over most produce and product lines.
Addresses climate change: Long-term research also revealed that organic production is one of our best measures for assisting the deceleration of climate change.