MONTREAL – Canadian consumers outside Quebec could see lower dairy prices from a new massive trade deal signed Monday, says an industry observer.
Retail prices could fall if dairy processors like Saputo (TSX:SAP) pass along savings from lower imported milk costs to consumers, says Sylvain Charlebois, professor of distribution and food policy at the University of Guelph’s Food Institute.
“When you look at prices dropping at farm gate, usually consumers do win over the long-term; that’s what we’ve seen over the last five to 10 years,” he said in an interview. “There are no guarantees but you actually do increase that possibility.”
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