Wednesday, July 13, 2022

Milk substitutes track milk prices


Oat and soy milk prices are tracking milk prices as they increase, reports Sylvain Charlebois whose students at Dalhousie University checked prices in Loblaws, Sobeys and Metro supermarkets.

Charlebois said oat and soy milk could be priced lower to be more competitive. They are lower in Ontario, Quebec and Prince Edward Island, but higher in the other seven provinces.

Milk prices have gone up by 25 per cent over the first half of this year, but the alternatives by 31 per cent.

The report is due out soon, but has been reported in advance by the Toronto Star.

Of course they track milk prices, just as imported dairy products track Canadian prices. Why take less profit than is available?