Estimates of Economic Performance of Organic Food Retail Trade

Radojko Lukić

Economic Research-Ekonomska Istraživanja, 2011, vol. 24, issue 3, 157-169

Abstract: As it is known, in recent years the phenomenon of "organic products" is getting more global and interdisciplinary character. The world has seen an increase of farmers' organic products, certification and the Earth's surface designed to produce organic products as well as sales of organic products. The role in the retail distribution of the produced organic products becoming a more significant.Bearing all this in mind, this paper will deal, first, with the trend in retail development and characteristics of organic food observed globally, by country and formats (types of stores). Then we point out the key determinants of retail sales of organic food, and especially we will, as a primary goal of this paper, give a detailed overview of the theoreticalmethodological and empirical problems, as well as the specific measurement of financial performance of retail sales of organic food.Research into these problems is, for the purpose of considering the practical dimensions, based on recent relevant empirical data. The research results should serve as the basis for the creation of appropriate policies and strategies and, especially, for building integrated system of managing business and financial performance of retail organic food in the future. This is particularly true for of retail originating from a country with the distinction in the market development of organic food, as is the case with Serbia.

Date: 2011
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DOI: 10.1080/1331677X.2011.11517474

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