Market

Market
Showing posts with label euoropean union. Show all posts
Showing posts with label euoropean union. Show all posts

Sunday, October 9, 2011

THE "GM" HONEY-REALLY?

With demand rising because of its supposed health benefits, Honey is an important commodity traded across the world. Though its chemical composition is almost similar to sucrose, the sweetness comes from Fructose and Glucose occurring in 38.5:31.0 ratio. However its value as a health promoting food is attributed to two anti-bacterial substances, Hydrogen Peroxide generating enzyme system and Methyl Glyoxal, besides presence of antioxidants such as Ascorbic acid, Chrysin, Pinobankskin, and Pinocembrin. The old Ayurvedic medicinal system of India has accorded very high place for Honey in its treatment regimes of a number of human ailments. Quality of honey depends more or less on the nature of nectar collected by the Bees and can vary significantly. Honey can even be poisonous if the Bees collect nectar from poisonous flowers. It is in this context that one has to view the recent controversy in Europe, surrounding Honey products generated from flowers of GM plants. Here is a take on this issue.

"Honey that contains traces of pollen from genetically modified crops needs special authorization before it can be sold in Europe, the European Union's top court said Tuesday, in a judgment that could have widespread consequences on the bloc's policy on genetically modified organisms, or GMOs. The ruling from the European Court of Justice came after several Bavarian beekeepers demanded compensation from their government for honey and food supplements that contained traces of pollen from genetically modified maize.The beekeepers had their hives close to fields where the Bavarian government was growing Monsanto's MON 810 maize for research purposes. The EU has strict guidelines on authorizing and informing consumers about foods containing GMOs – a policy that has caused problems for producers of genetically modified seeds such as U.S.-based Monsanto Co. that are used to much laxer rules in other parts of the world".
China, Argentina, Turkey, USA, Ukraine and Mexico are the top producers of Honey and the entire world depends on imports from these countries for meeting the demand for this product. Of course there are internationally agreed standards for Honey and the world trade is governed by these prerequisites. The Chinese supply of Honey made by Bees treated with antibiotics through third world countries to Europe and the US was in the eye of a storm last year, though the culprit country got away with its brazen illegal activities without receiving a rap on its knuckles, probably because of its economic clout! The latest controversy about GMO tainting of Honey is not going to die down soon because of the tight regulations in EU requiring labeling of GM foods. It is true that contamination of Honey with GM substances was an unwitting act beyond the control of the Beekeepers who are located near fields where GM crops are cultivated. Real possibility of such accidental contamination was responsible for the campaign against GM foods by the antagonists and till such times the GM foods are universally accepted or they are compulsorily mandated to declare on the label, it is not correct to allow cultivation of GM crops.
V.H.POTTY
http://vhpotty.blogspot.com/
http://foodtechupdates.blogspot.com

Thursday, May 6, 2010

FOOD INDUSTRY IN EUROPE-UNCHALLENGED PRE-EMINENCE

Reliable statistics are the corner stone of any realistic planning at micro and macro levels of management. It is unfortunate that in many developing countries such statistics are invariably concocted without any data collection using scientific survey techniques. Look at countries like the US, the EU, Japan, Australia, Canada etc where centralized and computerized data are compiled and available for the public. Of course there are private consultancy firms which make money by trend analysis and forecasting based on the public data or their own survey efforts. Here is a publication on the European Food and Beverage Industry worth reading.

"Data & Trends of the European Food and Drink Industry 2009, available here , places the industry's 2008 turnover at €965bn, a 3 per cent increase on 2007. This positions it as the single largest manufacturing sector in Europe, making up almost 13 per cent of the overall manufacturing industry, with the automobile and chemical industries following with 11 and 10 per cent respectively.The food and drink industry also leads the way in terms of employment, but labour productivity is lower than for manufacturing as a whole, reveals the report. The latest statistics available, for 2008, show that the industry employs 4.4m people, making it the leading employer in the EU at 13.5 per cent of the employment market. CIAA highlights 2006 statistics on labour productivity, which indicate €7,500 investment per employee in food and drink manufacturing, compared to €11,500 in automobile and €14,000 in chemicals".

Food industry in Europe is a predominant player in the economic development of the continent and it speaks well about its contribution to the welfare of the population. The lower productivity of the personnel in this industry may be due the inherent nature of the processing operations that call for a high degree of vigilance against food related health risks but this is more than compensated by the lower investment per employee. Also to be remembered is that food industry deals with products of day to day necessity and are low priced due to stiff competition unlike automobile or chemical industry..

V.H.POTTY
http://vhpotty.blogspot.com/
http://foodtechupdates.blogspot.com