Good Day, Bad Day
Korean BBQ, green living
GOOD DAY FOR: Korean BBQ, after South Korea agreed to ease its mad-cow-driven embargo of U.S. beef. Korea imported $815 million worth of U.S. beef in 2003, before imports were stopped, putting it only behind Japan and Mexico. Some imports resumed in 2006. The easing could help passage of the $29 billion free-trade pact between Korea and the U.S. (Bloomberg)
BAD DAY FOR: Green living, as rising food prices are making organic-minded shoppers rethink their commitment to already-higher-priced natural foods. The organics market has grown 126 percent in five years, to $16.7 billion. But “man, $6.99 for a gallon of milk is pushing it,” said Perry Abbenante at Whole Foods. “We have to be very careful about not pricing organics out of the market.” (The New York Times, free registration)
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