The Canadian Press: $12B in food, drink exports could be shifted away from U.S, says FCC
Farm Credit Canada has identified $12 billion in food and beverage exports that could be shifted away from the U.S. market as cross-border trade comes under continued strain. The Crown corporation outlined a strategy to “reduce Canada’s U.S. market dependence for food and beverage exports to half of 2023 levels.” The report adds that “this commodity category presents a strong opportunity for furthering Canada’s export market diversification, as prepared foods can travel longer distances without the same risk of spoilage compared with other food items” and recommends promoting domestic demand while expanding international markets.
