Grocery giant Loblaw (Loblaw Companies Limited) and parent company George Weston Limited announced yesterday a $500 million settlement had been reached concerning their involvement in a bread price-fixing scandal.
Tag Archives Bread
Loblaw and parent company to pay out $500 million in bread price fixing settlement
Comment: In defence of bread
Store-bought bread might be considered ultra-processed, but that doesn’t mean it’s all bad
Today’s sliced bread often contains so many more ingredients than what our ancestors ate that it is now considered an ultra-processed food. This doesn’t necessarily mean it’s bad for us. There are many definitions of what makes a food ‘ultra-processed.’ The most common is the Nova classification, developed by researchers at the University of Sao
Canada Bread fined $50 million over price-fixing
'Leniency' settlement follows breadmaker's guilty plea
A storied Canadian producer of bread and bakery products has a month to pay a $50 million fine for price-fixing in an ongoing federal probe which still has eyes on several major retailers. Ontario’s Superior Court on Wednesday sentenced Toronto-based Canada Bread Co. after the company pled guilty to four counts of fixing bread prices
Drop in global output of bread-making wheat sparks hunt for supplies
From drought to too much rain, top-quality wheat supplies are under pressure
Reuters – A leading Middle Eastern flour miller paid over US$23 million in October for a high-grade Australian wheat cargo and is willing to pay 10 per cent more now for a similar consignment, but is unable to seal a deal as exporters can’t find enough food-grade grain. The miller is one of dozens of global importers
Flatbread firm FGF buys Weston Foods bakery business
Weston selling to focus on retail, real estate
The parent company for Canadian grocery and retail giant Loblaw is taking a major step out of the baked goods business. George Weston Ltd. announced Oct. 26 it would sell its Weston Foods fresh and frozen bakery businesses to an arm of Toronto-based bakery firm FGF Brands for $1.2 billion. The company expects to close
Putin’s drive to tame food prices threatens grain sector
The move to address domestic concerns could make a key competitor less competitive
During a televised session with ordinary Russians in late June, a woman pressed President Vladimir Putin on high food prices. Valentina Sleptsova challenged the president on why bananas from Ecuador are now cheaper in Russia than domestically produced carrots and asked how her mother can survive on a “subsistence wage” with the cost of staples
Millers, bakers fret as drought withers North America’s spring wheat
Reuters – Millers and bakers are draining wheat reserves and paying more for spring wheat used in baking, as drought shrivels crops across the Canadian Prairies and northern U.S. Plains that produce more than half of the world’s supply. U.S. and Canadian farmers are bracing for a sharply smaller spring wheat harvest due to the
Russian bread makers plan to raise prices due to higher costs
Several Russian bread producers have told retail chains they plan to raise prices by seven to 12 per cent from August due to higher production costs and the limited effect of state support, the Kommersant daily reported July 19. Russia, one of the world’s largest wheat exporters, has introduced a series of grain export curbs
CBOT weekly outlook: Wheat futures underpinned for now
However, traders still watching headlines
MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a
U.S. grains: Wheat climbs on global demand for bread
Chicago | Reuters — U.S. wheat futures surged on Wednesday, with the May contract on the Chicago Board of Trade hitting a two-month high on a mix of technical buying and global demand for bread as the coronavirus prompts consumer stockpiling, analysts said. Corn futures closed modestly higher while soybean futures turned lower. CBOT May
Cyber-Savvy Farmer
