A person shops at the North Mart grocery store in Iqaluit, Nunavut July 28.

Cold and hungry

Northern residents say rising food costs creating new and growing economic challenges

Reuters – In Canada’s remote north, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut have no roads to connect them with each other, forcing them to rely on fresh food

Consumers can expect higher beef prices into 2023 and 2024, market watchers say.

Shrinking U.S. cattle herd signals more pain from high beef prices

Consumers won’t be seeing any relief at the till due to long production cycle

Reuters – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers reduce their cattle herds due to drought and lofty feed costs. Those decisions will tighten livestock supplies for years, economists said. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent reduction in grain prices


Nutrien beats profit estimates, lowers full-year forecast

Reuters – Nutrien beat second-quarter profit estimates, fueled by soaring prices of crop nutrients that more than offset higher natural gas costs and lower sales volumes. However, the world’s largest fertilizer producer lowered its full-year adjusted profit forecast as it expects higher natural gas costs to hurt its nitrogen business. Nutrien is the latest company








Military officers from Russia, Ukraine, Turkey and members of delegations from both countries and U.N. attend the opening ceremony of a joint coordination centre that will oversee a U.N.-brokered deal to re-open Ukrainian grain exports in the Black Sea, in Istanbul, Turkey, July 27, 2022.  Photo: Reuters/Umit Bektas

Ukraine grain export coordination centre opens in Istanbul

Istanbul | Reuters – Turkish Defence Minister Hulusi Akar on Wednesday unveiled a centre in Istanbul to oversee the export of Ukrainian grains after a landmark U.N. deal last week, with the first shipment expected to depart from Black Sea ports within days. Russia and Ukraine signed the deal, brokered by Ankara and the United