It was an action-packed 12 months for the agriculture and food sector
Many Canadians are stuck between rising food prices and stagnant-at-best wages
Many grocery categories have seen price increases at a rate much higher than general inflation
With more people able to work from home, many consumers are apparently looking to trade in city living for open space, and the agri-food sector will have to adjust
Supply chains will be disrupted, but in chaos is also opportunity
This is the first time since its inception that the report is forecasting lower prices for meat tied to rising consumer interest in switching over to more plant-based protein in their diets
The latest Canada Food Price Report says lower demand for meat is in the forecast
Consumers are spending more of their income on outside food purchases which shrinks the farmer’s share of the pie
Weather conditions and a switch to convenience foods will drive the trend
The rise of the ‘grocerant’ appears poised to revolutionize both grocery chains and the restaurant business
