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@Mike Martins Channel

Pirce of food Going uo FAST !

Meat prices are projected to rise the most, between four and six per cent. And, according to Simon Somogyi, co-author of the report and project lead for the University of Guelph, that estimate “might be a little conservative.”

“There are a bunch of factors that China is playing a big part in, that they’re trying to get as much meat from around the world as they can. They’ve had problems with African swine fever, which affected their domestic production. They’re buying up a lot,” he said. “So it could lead to some shortages across the U.S. and Canada. But more importantly, it’s just driving up the demand.”

Meat prices are projected to rise the most, between four and six per cent. And, according to Simon Somogyi, co-author of the report and project lead for the University of Guelph, that estimate “might be a little conservative.”

“There are a bunch of factors that China is playing a big part in, that they’re trying to get as much meat from around the world as they can. They’ve had problems with African swine fever, which affected their domestic production. They’re buying up a lot,” he said. “So it could lead to some shortages across the U.S. and Canada. But more importantly, it’s just driving up the demand.”

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