Organic food sales continue to accelerate and are outpacing conventional food sales at grocery store. On Thursday, July 16, the US Commerce Department released its Advanced Retail Sales data which showed that Grocery Store sales rose 11.6% year over year. This compares to a 13% rise in May, a 14% rise in June and a 31% climb year over year in March.
Despite the strong retail sales seen in grocery stores in June, the number pales in comparison to the rise in retail sales for specialty foods. The Jacobsen has been reporting stronger than normal demand for premium foods over the past 3-months, that should spill over into the feed market especially, organic dairy, organic eggs and organic poultry. This information was echoed today in an article in Bloomberg.
Bloomberg is reporting that…
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