Organic Corn Prices Edge Higher

Organic Corn Prices Edge Higher

Organic corn prices in Europe are edging higher. Organic corn prices in Romania are up to 275-Euro per metric ton. If you can find them out of Ukraine, organic corn prices are as high as 285-euro per metric ton. Organic corn prices in Pennsylvania are also starting to rise and are now quoted near $9.75. New crop prices have moved higher. The Jacobsen reports that merchandisers are saying that new crop prices for organic corn delivered into PA are $10.25 per bushel. Mid-west prices are also rising. The Jacobsen has heard from several sources that organic corn prices are bid near $7.50 and offered at $8.

Organic Sales are Rising

Organic animal protein sales remain robust and according to data from Nielsen, so are fresh produce sales. According to Nielsenโ€™s scanned data, organic fresh produce sales in 2020 were $8.5 billion, an increase of over $1 billion from 2019. They represented 12% year over year increases. Conventional produce sales rose 10.7% for the year. Overall organic volume in 2020 increased 16% from the previous year, while conventional volume grew by 9% during the same period. Of the top 10 organic sales and volume categories, 9 of them saw double-digit growth. The top three sales categories for 2020 were packaged salads, berries, and apples. All four geographic regions of the country experienced double-digit growth in 2020, with the West showing the biggest increases in sales up 16.8% and volume up 17.5% over the previous year.

 

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