(Diane Kuhl/iStock/Getty Images)

Dairy farmers seek mid-year increase on farmgate milk prices

CDC to seek stakeholder comment next week

The Canadian Dairy Commission will seek out feedback from industry stakeholders next week on Canadian dairy farmers’ request for a mid-year raise in farmgate milk prices. The CDC said June 2 it had received a request from Dairy Farmers of Canada for the increase “due to the current inflationary environment.” If it’s approved, and if

There are some steps that government can take to help rein in rising food prices.

Comment: Few food price solutions

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

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


Stock photo of a grain grower in India. (Triloks/iStock/Getty Images)

India bans wheat exports as heat wave hurts crop, domestic prices soar

Ban could push global wheat prices to new peaks

Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies



“Narratives play a role in spreading inflation exponentially like a virus, turning it into a mass phenomenon with feedback loops and self-fulfilling prophecies.” – Pascal Blanque, Amundi Institute.

Comment: Inflation narrative a ‘virus’ and policy headache

Once the expectation of inflation is established, it’s tough to root out

Reuters – Central banks risk losing the battle for stable prices as long-dormant inflation narratives and memories reawaken, adding a more complex psychological twist to task than simply tightening monetary policy. Far from being solely an excess money thing, as strict monetarists insist, many economists reckon the return to a high inflation regime relies as

CME June 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME live cattle, hogs slip on demand concerns

Inflation on U.S. retail meat a worry

Chicago | Reuters — CME Group live cattle and hog futures slumped on Friday, as investors worried about the prospect of food inflation weighing heavy on U.S. consumer meat demand as the summer grilling season gets underway, analysts said. Benchmark June lean hogs settled the day down 2.975 cents, to 104.1 cents/lb. (all figures US$).


Yuri and Oleksiy, farmers wearing body armours and helmets, prepare for field work in Ukraine’s Zaporizhzhia region amid Russia’s invasion, on April 26, 2022. (Photo: Reuters/Ueslei Marcelino)

Worsening global food security needs Ukraine, Russia production, UN chief says

Abuja | Reuters — U.N. Secretary-General Antonio Guterres said Wednesday the problem of global food security could not be solved without restoring Ukrainian agricultural production and Russian food and fertilizer output to the world market. Russia’s invasion of Ukraine in February has added to volatility in financial markets, sending commodity prices higher and affecting logistics,

To set the stage, there have been nine periods of rising central bank rates in the U.S. since the late 1960s.

How widespread will interest rate fallout be?

Looking at economic history, the effects aren’t always dramatic

Take a moment to imagine what the world and your business would look like if interest rates were at four per cent — or even six per cent — instead of two per cent. Everyone has been talking about inflation and interest rates and yield curve inversions lately, so what does it all mean? While



The Bank of Canada has raised rates by half a percentage point and said more increases were coming to fight inflation.

Canada inflation surges to 31-year high

Inflation left analyst expectations in the rear-view mirror in March

Reuters – Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high amid broad price pressures, official data showed April 20, pointing toward another oversized rate hike from the Bank of Canada in June. The headline rate hit 6.7 per cent in March, well above analyst expectations of 6.1 per cent