McDonald's posted a steeper-than-expected drop in quarterly U.S. comparable sales on Monday, as demand took a hit from a brief E.coli outbreak while diners remained watchful of their spending.
McDonald’s posts biggest US sales decline in nearly five years
International sales rise, driven by Middle East and Japan
Competitive retail prices bode well for chicken demand in 2025 says FCC
Demand projected to grow despite slowing or even shrinking Canadian population
If chicken’s retail price advantage over beef and pork persists, per capita consumption could rise in 2025 despite slowing population growth says a recent sector outlook from Farm Credit Canada.
World food price index eases in Dec, pushed lower by sugar
The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday.
Conagra trims profit forecast as higher inflation, promotions to dent margins
Conagra Brands on Thursday joined rival General Mills in trimming its annual profit forecast and warning that price cuts on its products across grocery, snacks and frozen food items to spark demand will weigh on margins.
World food prices reach 19-month high in November, UN says
The United Nations' world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday.
World food prices reach 18-month high in October, UN says
World food prices rose in October to an 18-month high as vegetable oils led increases seen in most food staples, United Nations' data showed on Friday.
Opinion: Food sales mirror Canada’s impoverishment
Our population is growing much faster than our GDP and food spending is falling
Reading Time: 3 minutes Canada appears to be a “trading-down” market, a trend that may persist for some time. Recent data from Statistics Canada on the food retail and service industries, as well as fresh GDP figures, paint a concerning picture, especially for those looking to attract more food companies or grocers to our country. Our population grew by […] Read more
Opinion: The emerging consensus on food prices
Why all political parties agree that the grocer code of conduct is necessary
Reading Time: 3 minutes The Parliamentary Agriculture Committee has embarked on a mission to address rising food prices, extending an invitation to both Loblaw and Walmart. In a letter from the committee, Ottawa urges both retailers to voluntarily comply with the proposed grocer’s code of conduct or risk facing legislative action. In other words, Canada is on the verge […] Read more
No silver bullet for food price inflation
The causes might not be what you think they are, one food academic says
Reading Time: 4 minutes Glacier FarmMedia – Canadian food price inflation has many causes, but grocers gouging customers isn’t one of them, Michael von Massow of the University of Guelph said during the December Fields on Wheels conference hosted by the University of Manitoba. Even the carbon tax hasn’t had much impact, according to the associate professor of food […] Read more
Loblaw’s gaffe and apology
The grocers code of conduct is needed to offset political grandstanding
Reading Time: 2 minutes Ottawa recently witnessed a dramatic scene, especially during the proceedings of the Parliamentary Committee on Agriculture, where a few witnesses chose to prioritize their agendas over assisting our elected officials in comprehending the complexities of food prices and the necessary actions to be taken. One particular individual, an economist seemingly more interested in grabbing headlines […] Read more
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