Farm Prices Up

by 5m Editor
4 January 2008, at 8:06am

CANADA - Farm-product prices were up 5.1 per cent in October, compared to a year earlier, but down 3.5 per cent from the previous month, according to Statistics Canada's farm-product price index.

Gains in crops offset declines in livestock and animal-product prices, the agency said Thursday.

Overall, crops were up 16.5 per cent from a year earlier - with higher prices for grains, oilseeds, specialty crops and potatoes. Prices for fruits and vegetables, however, declined.

Prices for livestock and animal products were down 4.6 per cent in October on an annual basis.

Export products such as cattle and hog prices were largely responsible for this, Statistics Canada said, as the rising Canadian dollar put downward pressure on their prices.

Hog prices were down 11.8 per cent and cattle prices were 12.9 per cent lower.

Source: TheVancouverSun

5m Editor