Conagra Brands on Thursday joined rival General Mills in trimming its annual profit forecast and warning that price cuts on its products across grocery, snacks and frozen food items to spark demand will weigh on margins.
Tag Archives food prices
Conagra trims profit forecast as higher inflation, promotions to dent margins
World food prices reach 19-month high in November, UN says
The United Nations' world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday.
More food inflation predicted
Canadian food prices projected to rise three to five per cent in 2025, says national report
Canadian food prices are projected to jump another three to five per cent in 2025; raising the food bill for a family of four over $800, Canada’s Food Price Report says.
World food prices reach 18-month high in October, UN says
World food prices rose in October to an 18-month high as vegetable oils led increases seen in most food staples, United Nations' data showed on Friday.
Opinion: The times, they are a-changin’
Canada is undergoing a generational change, and that’s shifting consumer food choice
Millennials now outnumber boomers in our country, says Statistics Canada. As of July 1, 2023, the millennial population (born in 1981-1996), has surpassed baby boomers (born in 1946-1965) for the first time. Likewise, generation Z (born in 1997-2012) has surpassed generation X (born in 1966-1980) to become Canada’s third-largest generation and is projected to become
Comment: The case of the chicken price hike
Why are B.C.’s chicken prices so high?
We deeply value our farmers and rely on their hard work to provide us with essential food. Most farmers are eager to share their stories and take pride in their work. However, when it comes to supply-managed sectors such as dairy, eggs and poultry, the dynamics are a bit different, particularly regarding the prices they
Opinion: Meat too expensive? Not so fast
Meat has increased in price, but so have plant-based proteins, albeit more gradually
As we entered the year 2024, many individuals have made resolutions aimed at changing their diets and budgets. Some resolutions will carry more weight than others, of course. Many people wonder if meat is genuinely more expensive than plant-based proteins. The answer is not as straightforward as it may seem. Several studies conducted in recent
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
No silver bullet for food price inflation
The causes might not be what you think they are
Canadian food price inflation has many causes, but grocers gouging customers isn’t one of them, Michael von Massow of the University of Guelph said during the Fields on Wheels conference hosted by the University of Manitoba Dec. 14. Even the carbon tax hasn’t had much impact, according to the associate professor of food economics.
Opinion: Getting grocers off the naughty list
The federal government should show strong leadership and make the grocer code of conduct mandatory
Canada’s Food Price Report for 2024, released by Dalhousie University, the Universities of Guelph, Saskatchewan, and British Columbia, has unveiled a nuanced and complex landscape of the nation’s food pricing. This landscape is underpinned by diverse factors that extend beyond the supermarket shelves. The report predicts that food prices will increase by as much as
Cyber-Savvy Farmer
