Topic “In the News News” — Exporter Magazine

According to UK’s Organic Trade Board (OTB) findings, 83% of Britons buy organic food, dispelling the common belief that organic food is confined to the minority. The International Monetary Fund (IMF) estimates the New Zealand dollar is overvalued by 10% to 25% buts maintains the Kiwi’s free floating exchange rate is appropriate for the country. About 1,750 exhibitors from 20 countries have signed up for the annual event, occupying 4,700 booths and representing a rise of 50 exhibitors and 205 booths from 2009, the channel says, the quoting Taiwan External Trade Development Council (TAITRA). Taiwan is eager to talk about items that are either on the zero-tariff list of the free trade agreement between China and the Association of Southeast Asian Nations (ASEAN), or that are major exports of Taiwan. Amid last year’s slump, lines mothballed more than 500 ships worldwide to pare capacity. They also began operating vessels at slower speeds, which cuts fuel usage and reduces the total amount of cargo each ship can haul per month. Although organic food and drink overall are estimated to account for only around 2% of the value of the total grocery market, organic baby and toddler foods have achieved a leading 45% share of the total branded baby foods market, the survey says.