British+consumes+more+organic+food+-+Zelda

=British consumers more organic food=


 * Mcot.com: http://www.mcot.net/cfcustom/cache_page/209927.html
 * May 15, 2011
 * There are signs that consumption of natural and organic foods in the British market would grow between 8-10 percent annually as sales at some major malls in Britain are now enjoying annual growth of up to 20 percent after most consumers in that country have now attached greater importance to healthy food, cleanliness, and environmental friendliness. However, natural and organic food production in Britain is still far short of local demand and the country has to import mostly from the EU. Thai producers are taking the opportunity to export their natural and organic food products to Britain. Britain is expected to import fruits this year valued around Bt230 million.
 * Vocabulary:
 * consumption: the using up of a resource
 * export: to send goods to another country for sale
 * import: bring goods or services into a country from abroad for sale
 * agricultural goods: consists of crop plants for human food and animal feed and livestock products
 * determinants of demand: the increase/decrease in demand due to determinants
 * GNP (gross national product): the total value of all final goods and services produced within a nation in a year
 * There is an increase in demand for natural and organic foods in Britain due to taste and expectations. They prefer to consumer healthy, clean, and environmental friendly foods as they expect it to benefit themselves as well as the environment. Thailand is taking this opportunity to export goods into Britain since the Brits are falling short of supply as there is an increase in quantity supplied to meet at the equilibrium.
 * With an increase in demand due to taste and expectations, we see a shortage in supply to Britain's demands. To increase the supply of natural and organic foods in Britain, Thailand is willing to export to them. The increase in demand might increase their GDP as exports will be recorded. To make full use of this opportunity, Thailand should advertise their products in Britain as well as other countries. With Britain as the third largest purchaser of organic agricultural goods after United States and Germany. As Thailand is a heavily export-depended economy, and exports accounting for more than two-thirds of their GDP, it would be rise to try to export to the US and Germany.