Organically-grown food has been soaring in popularity, and it seems to be everywhere lately. Many people are under the impression that organically-grown food is healthier for you, tastes better, is better for the environment, and could even have fewer calories.
You know organic is better—better for your body, better for the environment and better for any animals that may have been involved. But that doesn’t mean that organic is better for your bank account. In fact, organic foods are on average about one-third more expensive than conventionally produced foods.
Those consumers who fear even the most minute amounts of genetically modified organisms in their meals will have to confront a nasty shock: even organic foods are not GMO-free, according to organic industry leaders.
Raising consumer demand has helped organic food to increase its share in the food market in the US. Shares of JM Financial increased by 17% in morning trade, following the announcement that former Citigroup CEO Vikram Pandit will acquire stake at the company. A new £2 million startups incubators has been launched in the UK that is purposed to support northern businesses. Leading Chinese media company Sina Co has reported 126 million yuan ($20.3 million) of net revenue in Q1.