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French poultry leader seeks more double-digit price rises on costs
Markets, News

French poultry leader seeks more double-digit price rises on costs

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LDC, France’s largest poultry group, will need to raise its prices by around 10 per cent next year to cover energy and other costs after already increasing prices by a third since last year, the company said Nov. 23. Food prices in France rose 12 per cent year-on-year in October, making food a main contributor,
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Comment, Op/Ed

Comment: Greedflation accusations pointless

The real failure in Canada is of our Competition Bureau, not the market

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As food prices rise, many are quick to blame grocers for profiteering and taking advantage of consumers. The notion of “greedflation” has emerged as one of the most talked about issues in the last month. Food inflation in Canada is at a 41-year high, at 10.3 per cent, and chances are that consumers won’t get
While some will appreciate Loblaw’s empathetic gesture, the grocer’s latest campaign will likely bring some cynicism.
Comment, Op/Ed

Comment: On Loblaw’s decision to freeze food prices

Some may be cynical about this effort, but it is unprecedented

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For weeks now, many have called for Canadian grocers to voluntarily freeze prices for some grocery staples as we weather the current food inflation storm. Many Western economies have seen price freezes from grocers. The first grocer in the world to do this was more than six months ago. Canada has had no grocer pursuing
With higher food prices, more than 40 per cent of Canadians are wasting less than they were a year ago, according to a recent study.
Op/Ed, Opinion

Opinion: Canada’s food affordability problem

Rising prices will surely continue to contribute to food insecurity

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Did you know there is a global food security index? The well-known magazine The Economist has just published the 11th edition. The Global Food Security Index comprises a set of indices from more than 120 different countries. Since 2012, it has been based on four main pillars: food access, safety, sustainable development and food affordability.
“If we want certain outcomes to change in the food system, we have to make sure that the incentives and programs are designed to make that transition possible so that we don’t just have a winner- take-all scenario.” – Michael Mikulak, Food and Beverage Manitoba.
News

Industry ponders stalled grocery code

Canada’s Grocery Code of Conduct is overdue, and local industry is skeptical about its progress

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The organization representing food and beverage companies in the province says it is not confident that a national grocery code of conduct will meet its deadline this November. Michael Mikulak, executive director of Food and Beverage Manitoba, said the code has already missed two deadlines since development started in summer 2021. “What sort of bubbled
As consumers, we should expect more rebates, discounted products and loss leaders. It’s easier to offer deals when market conditions are more stable.
Op/Ed, Opinion

Opinion: Food inflation seems to be concluding

More stability and predictability are leading to a slower inflation rate

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Statistics Canada is reminding Canadians every month how painful their trips to the grocery store have been recently. The retail inflation rate is still at an astonishing 9.9 per cent, its highest point since 1981. In fact, our food inflation rate has exceeded the general rate since December of last year, which is why food
Consumers are trading down, and grocers know it.
Comment, Op/Ed

Comment: Light at the end of inflation tunnel?

Food inflation in Canada may have already peaked

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Statistics Canada hasn’t had a lot of good news for Canadian consumers. The agency put food inflation rate in the country at 8.8 per cent in June, which is still higher than the general inflation rate. Everyone is affected by higher food prices. Americans recently learned that food inflation at the grocery store was 12.4
Food prices will continue to rise but at a much slower pace in coming months.
Comment, Op/Ed

Comment: Dealing with ‘greedflation’

Consumers have a right to be skeptical but there’s not a lot of evidence

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Accusations of gouging in the food industry have reached an all-time high. According to a recent survey, 68 per cent of Canadians believe food corporations are taking advantage of the inflationary cycle to increase prices, and it’s not just in retail. While Quebec and British Columbia now have class-action lawsuits against the beef industry, many
The shift is so incredibly sharp, many vendors can’t agree with grocers on pricing, pushing them to put their business on hold...
Comment, Op/Ed

Comment: Dear Ottawa, help!

Food prices are climbing at a record pace in Canada and around the world

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It wasn’t a good week if you’re a consumer on a tight budget and that group includes most of us. Consumers are under attack right now, literally. We’ve just learned that Canada’s food inflation rate was at a record 9.7 per cent in May. Everyone is noticing higher food prices, and no section of the
There are some steps that government can take to help rein in rising food prices.
Comment, Op/Ed

Comment: Few food price solutions

When it comes to food prices, the Canadian government’s hands are tied

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The rhetoric around inflation and increasing food prices has become a point of emphasis for politicians, particularly for those in opposition to the incumbent government. Even pundits and non-profit organizations are pressuring the government into taking specific actions on food prices. This begs the question: Should governments take steps to reduce food prices? And more

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