This report examines the short-and medium-term economic and profitability outlook for Canada’s Food Manufacturing Industry.
Canada’s Food Manufacturing Industry: Industrial Outlook Summer 2014
Canada’s Food Manufacturing Industry: Industrial Outlook Summer 2014
Industry Economic Analysis
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- Free Trade Agreements—Newly signed free trade agreements between Canada and other countries, such as South Korea, will open up new export markets for Canadian food products.
- Crop Prices—Bumper harvests have kept crop prices, which account for a large share of the industry’s production costs, in check.
- Shrinking Herd Sizes—A decline in cattle and swine herd sizes since 2006 could hold back domestic meat production and hinder the expansion of meat export capacity.
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