Inflation Archives - Page 3 of 19 - Manitoba Co-operator

Any two, three, four or five per cent that you can get in terms of efficiency, in terms of productivity, will help on the bottom line, because there’s a multiplicative effect when it comes to lowering your costs...” – J.P. Gervais, Farm Credit Canada.

Economic hurdles ahead for farmers

FCC projects sliding revenue fortunes, maintains long-term optimism

By Jeff Melchior February 1, 2024

A prominent Canadian ag lender is projecting a 4.8 per cent decline in farm cash receipts in 2024, thanks in part to a softening market. Consequently, its leading economist is urging producers to find any way to save money. “In this environment, I do think that management skills are absolutely critical,” said J.P. Gervais, vice-president

China has been a major customer for Canadian wheat so far this year.

Markets, News

Grain markets slowly eroding

Expert’s Radar: There’s little supporting most grain and oilseed futures at the moment

By Phil Franz-Warkentin January 29, 2024

Prices may keep rising at the grocery store, but the general trend in all of the major grains and oilseeds continues to grind lower, with mid-January wheat bids hitting some of their weakest levels of the past few years. World supplies: Wheat is grown around the world, and supplies are more than sufficient to meet

Comment, Op/Ed

Comment: Looking for traction

This year had a lot of agriculture searching for normal

By Alexis Stockford January 8, 2024

In early November, I put on boots with the heaviest traction I could find, opened the door and attempted to strike out for a walk with the family dog. Manitoba had just been blasted with an early shot of winter and, although it would all soon disappear, the entire landscape at the time was glazed

Other

Canada’s jobs growth stalls in December as wages accelerate

Declines in goods sector driven by job losses in manufacturing, construction and agriculture

By GFM Network News, Ismail Shakil, Reuters, Steve Scherer January 5, 2024

Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.

Markets

World food price index ends 2023 some ten per cent below 2022 levels

Cereal prices, vegetable oils slumped most over the year, FAO says

By GFM Network News, Maytaal Angel, Reuters January 5, 2024

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.

News

No silver bullet for food price inflation

The causes might not be what you think they are

By Allan Dawson December 28, 2023

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.

It’s worth noting that Loblaw and Walmart currently hold significant power in the industry, which needs to be addressed to benefit consumers.

Opinion

Opinion: Getting grocers off the naughty list

The federal government should show strong leadership and make the grocer code of conduct mandatory

By Sylvain Charlebois December 22, 2023

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

News, Other

Interest rate relief on the horizon: FCC

Latest U.S. Federal Reserve pronouncement heightens consensus that the worst of inflation and interest rate shocks is over

By Gord Gilmour December 21, 2023

[UPDATED: Dec. 29, 2023] Canada’s largest agricultural lender says Canadian farmers can expect to see interest rate relief in the coming year. In a macroeconomic snapshot released in December, Farm Credit Canada said it expects to see rate cuts totalling 75 basis points (three quarters of a per cent) in the latter half of 2024.

The notion of compelling competitors to divulge sensitive pricing data is baffling. Such an approach contradicts the very essence of a competitive marketplace.

Op/Ed, Opinion

Opinion: Let’s give the grocery theatrics a rest in 2024

Grocers made convenient punching bags, but that’s not how solutions are found

By Sylvain Charlebois December 21, 2023

In an era when food inflation has become a contentious political issue, it’s tempting for politicians to target the grocery industry. Sadly, that’s exactly what transpired in our country this year, and it was both absurd and embarrassing. The government and Parliament relentlessly hounded grocers, drowning out the opportunity for Canadians to truly comprehend the

“We’ve had a massive trading down in food choices in Canada over the past year, mostly from February to October. That is stabilizing now.” – Sylvain Charlebois, Dalhousie University.

News

Report sees Canadian food inflation abating through 2024

Project lead Sylvain Charlebois sees return to inflation “sweet spot” by year-end

By Gord Gilmour December 15, 2023

Glacier FarmMedia – Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report. “It is probable that Canadians will continue to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” says Canada’s Food Price Report 2024, an

Daily Network News

Canadian agriculture must be seen as growth sector: Blois

Chicken, eggs benefit from demand for economical protein

Spain detects first swine fever cases outside initial Barcelona outbreak zone

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