Rick Perkins at the Agriculture and Agri-Food Committee

On February 27th, 2024. See this statement in context.

February 27th, 2024 / 12:45 p.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

I'm sorry, Mr. Chair. I was just trying to answer the minister's question that he posed to me, and that is 53%.

Do you know what the gross profit margins of Kraft or PepsiCo are? I believe you're not putting the emphasis on where the price is going up. As a person who has worked in retail, I have to deal with the price of the product that's sold to me, that's manufactured, because I don't make them.

Have you met with those groups, and what pressure are you putting on them to reduce their monopolistic gross profit margins of more than 50%?

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