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Canada holds on
to world record for
high dairy prices!
When it comes to high prices, the Canadian dairy industry wins the international gold medal. But
it's a hollow victory. Artificially high prices mean the industry is losing market share in
Canada as consumers cut back on dairy and look for more affordable alternatives.
International studies show that Canadian dairy prices are among the highest in the world.
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Canadian dairy prices have soared 55 per cent since 1994. That's nearly twice the rate of inflation.
At the same time that prices skyrocketed, the cost of producing milk grew by only 1.5 per cent. This cost
of production formula was created by the dairy industry and has a built-in profit for producers.
* To view a bigger version of a chart, click on the chart.
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