food prices

Canada’s industry minister was defending the government’s actions on trying to force the country’s big grocers to help stabilize food prices.   The Commons Ag Committee is almost done studying the issue for a second time, and on Tuesday Francois Philip Champagne spent an hour trying to convince the committee, progress is being made. “This is […]

The Agricultural Producers Association of Saskatchewan released a comprehensive report that attempted to address two key issues: how much a farmer earns from food bought at the grocery store and how much those commodities are connected to food price inflation. APAS President Ian Boxall explained the Farmers and Food Price Report was the result of […]

The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.   “With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.  […]

The Dairy Farmers of Canada are recommending that an upcoming adjustment to the farmgate price of milk be delayed amid ongoing food inflation and pressure on the food industry to stabilize prices.  In a statement on their website Friday, Dairy Farmers of Canada president David Wiens said the organization recommends that the Canadian Dairy Commission delay any price adjustment on milk […]

Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, […]

Canadians won’t escape food inflation any time soon. Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts. For a family of four, the total annual grocery bill is expected to be $16,288 — $1,065 more than […]

A new survey says most Canadians believe food prices are becoming less affordable — with the cost of vegetables identified as one of the main worries. The Angus Reid poll done for the agri-food lab at Dalhousie University found that 87 per cent of respondents agreed that food prices are increasing faster than their household […]