The first half of 2023 was kind for Canadian food manufacturers.
That’s according to Farm Credit Canada’s (FCC) mid-year update on its Food and Beverage Report which compiled data collected by Statistics Canada.
Sales from the start of January to the end of June totaled around $73.2 billion which is up 8.4 per cent from last year. Beverages brought in around $7.4 billion, bringing the total to over $80 billion.
“Considering the large increase in nominal sales, we see 2023 sales for the food and beverage sector at $164 billion,” read the report.Click here to see more...