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1.2% Decline in Farm Product Prices in December 2024

According to Statistics Canada, the Farm Product Price Index (FPPI) in Canada decreased by 1.2% in December 2024 from December 2023. This downturn was predominantly driven by reductions in the grains and oilseeds indexes.

Conversely, the index for livestock and animal products recorded gains, offering some counterbalance to the overall decline. These statistics reflect specific trends within Canada’s agricultural sectors, illustrating the variances in market conditions for different product categories over the period.

The FPPI measures price changes that producers receive for their agricultural products, providing insights into agricultural market dynamics. More comprehensive details can be accessed through Statistics Canada's official reports.

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