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Tag Archives Inflation

Food, shelter and transportation account for more than 60 per cent of a household’s expenses.
Comment, Op/Ed

High food prices could have negative long-term health effects on Canadians

Overall health can decline, further stressing the health care system

By
Recent high food price inflation has plagued many Canadian families, especially those on tight budgets. Statistics Canada reported in October that in-store food prices increased at a faster rate than the all-items Consumer Price Index for the 11th month in a row. The Ontario Student Nutrition Program, which feeds 28,000 students at 93 participating schools,
“During this time of high interest rates, it’s becoming more imperative for producers to use low-interest financing tools.” – Syeda Khurram.
News, Other

Farmers cash in on interest-free loans

This summer the federal government upped the interest-free portion of the Advance Payments Program

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Manitoba administrators of the Advance Payments Program say clients are making use of the increased interest-free portion and borrowing more money. “The amount of the advances have [increased] significantly,” said Randy Ozunko, who manages the program for the Manitoba Pork Council. The APP is federally funded and administered by producer groups. It offers up to
If you’re planning to have a turkey on your table this holiday season, it’s better to buy it now as prices are sure to increase in the days ahead.
Comment, Op/Ed

Comment: Avian flu – let’s talk turkey

Canadian consumers are better off than their American counterparts

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Avian flu deserves more media attention. The illness affecting our poultry sector has become a real problem. Unlike previous strains, this one has spread across Canada, raising fears that it could become endemic in wild birds, no less. A nightmare. This year alone, avian flu has infected approximately 200 farms with more than 3.6 million
The FAO has lowered its forecast for global cereal production to 2.756 billion tonnes in 2022, marking a three-year low.
News

World food prices ease further in November, says FAO

Cereals meat and dairy down, vegetable oils and sugar up

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The United Nations food agency’s world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia’s invasion of Ukraine. The Food and Agriculture Organization (FAO) price index, which tracks the most globally traded food commodities, averaged 135.7 points last month, down from 135.9 for October,
The most-recent lettuce shortage has seen restaurant operators being charged four times the usual price for what’s available. Most don’t bother.
Comment, Op/Ed

Comment: Lettuce romaine calm

The great lettuce shortage is revealing the fragility of our food web

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Many consumers have noticed that Canada has run out of lettuce – well, some lettuce – mainly from California. Crops were destroyed by a drought and a nasty virus, according to some reports. This is the time of year when we import plenty of leafy greens, since our farmers can’t compete on such a scale.
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,
Cost of living and economic issues have unseated climate change as a top concern.
News

Cost of food ‘key preoccupation’ in public trust survey

Farmers remain most trusted in the Canadian food system, politicians least trusted

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The cost and availability of food and other pocketbook topics are the top issues keeping Canadians up at night, according to new data from the Canadian Centre for Food Integrity. Cost is also the top issue driving distrust in the food system. The centre provided highlights of its 2022 public trust survey in a Nov.
Some food experts predict lettuce shortages and price increases could last well into January. Others are hoping that by December, the next crop to ripen in Yuma, Arizona, and northern Mexico will fill demand.
Farmit Manitoba, News

Winter salads without lettuce

Beat the shortages and high prices with these healthy and tasty options

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Lettuce, particularly romaine and iceberg, is in short supply and high demand across North America. You may see empty lettuce shelves or prices so high you simply walk by. Except for a few local growers, most lettuce greens come from the southern U.S. or Mexico. But drought and severe weather caused many lettuce and other
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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
A tight stocks situation is being exacerbated by drought in key production regions.
Grain Markets, News

Volatility continues to drive markets

Markets a bit ‘bipolar’, senior market analyst says

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The volatile year for agriculture markets is unlikely to abate, says Mike Jubinville, senior market analyst with MarketsFarm Pro. “I look at these markets as bipolar in some cases,” says Jubinville. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we

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