Canadian agribusiness report shows mixed results
Poultry to grow while pork will struggle
Poultry consumption is expected to grow 10% in Canada by 2013-2014, while other sectors, including pork, will decline according to a new agribusiness report. Among other findings in the Canada Agribusiness Report Q3 2010 produced by Business Monitor International, corn consumption will grow 25% and rice 30%.
Except for poultry, the report anticipates a continued struggle in the livestock sector because of weak domestic demand and lower U.S. exports due to government-imposed country-of-origin labeling laws. Domestic demand for poultry, however, will increase because it’s thought of as a healthy choice.