CMC Hits Back Against Misleading Canada Food Prices Report
The Canada Food Price Report for 2019, released earlier this week, makes assumptions that the cost of meat is set to fall because Canadians are adopting plant-based diets. In fact, the beef demand index is strong, only showing a decrease of 2% demand in 2018, but maintaining levels not seen since the late ’80s. Statistics Canada data shows that meat consumption by Canadians has decreased steadily between 2004 – 2015 – and not suddenly because of any specific dietary trends.
“The report is misleading and makes assumptions that meat prices in Canada could go down because of demand and new market entries, when in fact many factors need to be considered,” says Chris White, President of the Canadian Meat Council (CMC). “The global spike in meat prices in 2013-14 drove world wide meat production expansion. Increased supply has allowed prices to begin to decline across the world including in Canada.”
Market pressures, such as feed prices and other factors, can also affect the price of animals, and this...
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