Food deflation troubling

Food deflation troubling

Consumers may welcome cheaper food, but it spells challenges for the food industry 
right through to the primary producer

It is becoming cheaper to buy food in Canada. Canada experienced deflationary food prices in August for the first time in years. While consumers may be delighted to see food prices decline, August numbers are pointing to a significant challenge for the food industry. Making money in the food business is not what it used

(Dave Bedard photo)

Farm gate prices fall in August on meat, dairy

Ottawa | Reuters — Canadian producer prices unexpectedly fell in August as meat and dairy products saw the largest decrease in nearly nine years, while lower prices for energy and petroleum products also weighed, data from Statistics Canada showed on Friday. The 0.5 per cent decline in producer prices fell well short of analysts’ expectations



Brown mustard. (Peggy Greb photo courtesy ARS/USDA)

Mustard bids drop with demand, harvest progress

CNS Canada — Mustard spot prices are trending lower, with limited demand for the commodity as harvest progresses. Weather conditions may have curbed yield potential, to an extent, though production is still expected to be large, according to one market participant. Bids for mustard have dropped from the levels seen in July and August into



(Dave Bedard photo)

ICE weekly outlook: Export uncertainty dogs canola

CNS Canada — Canola futures don’t appear ready to climb drastically higher anytime soon as uncertainty over Chinese buying weighs on the market, according to a Winnipeg trader and analyst. The recent grain stocks report compiled by Statistics Canada has become a source of pressure for canola, said Ken Ball of PI Financial. StatsCan’s report


(Photo courtesy Canola Council of Canada)

Large old-crop canola stocks raise new-crop questions

CNS Canada — Canada grew a million more tonnes of canola in 2015-16 than originally reported, according to updated numbers from Statistics Canada, released Wednesday in connection with the Stocks of Principal Field Crops as of July 31 report. The unexpected revision to the old-crop production now has many industry participants questioning just how large