The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
Opinion: Sticker shock on grocery profits hides truth
The total number doesn’t look at profit margins, which paint a clearer picture
Reading Time: 3 minutes When it comes to selecting the most significant non-scandal of 2023, the “greedflation” campaign is the absolute winner. Politicians, and even some knowledgeable economists, have convinced many that Canadian grocers have taken advantage of the recent inflationary cycle to profit unfairly. Despite compelling data and many reports pointing to the contrary, many Canadians remain convinced […] Read more
Report sees lower Canadian food inflation through end of 2024
Project lead Sylvain Charlebois sees return to inflation “sweet spot” by year-end
Reading Time: 3 minutes Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report. “It is probable that Canadians will continue to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” says Canada’s Food Price Report 2024, an annual joint effort […] Read more
Interest rate relief on horizon: FCC
Central bankers signaling reductions are coming
Reading Time: 4 minutes Glacier FarmMedia – Canada’s largest agricultural lender says Canadian farmers can expect to see interest rate relief in the coming year. In a macroeconomic snapshot released in December, Farm Credit Canada said it expects to see rate cuts totalling 75 basis points (three quarters of a percent) in the latter half of 2024. That’s despite […] Read more
Canadian food inflation to slow through 2024, report says
More certainty has brought an uptick in grocer promotions, but consumers are struggling
Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report.
“It is probable that Canadians will continue to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” according to Canada’s Food Price Report 2024.
Is the foundation cracking on public trust?
Canadians trust farmers, but lack of farm knowledge can open chinks in that armour
Reading Time: 6 minutes Glacier FarmMedia – Rising food prices have been drawing the ire of the Canadian public, but the bulk of that frustration and anger is not directed at farmers. Not yet, at least. While food retailers are viewed unfavourably, according to the latest consumer trust survey results from the Canadian Centre for Food Integrity, farmers remain […] Read more
Alberta leads national foodservice recovery
Wild rose province sees largest spike in sales in national survey
Reading Time: 2 minutes Alberta leads the country when it comes to increases in food service sales, with 7.3 per cent growth, according to a recent report from Farm Credit Canada. The report states that sales in 2023 are back to pre-pandemic levels but below the pre-pandemic trend in most cases. Alberta is followed by Ontario at 5.3 per […] Read more
Alberta farmland price growth lags national average
While prices continue to rise, the rate is slowing and other province have faster growth
Reading Time: 5 minutes Average Alberta farmland prices were up three per cent in the first half of 2023, significantly below the Canadian average increase of 7.9 per cent. The data, released in a Farm Credit Canada report on Oct. 3, shows the province is following a national trend. “It’s not unexpected, given where we were at the end […] Read more
Inflation saps joy of cooking for Canadians
Canadian price increases are lower than other jurisdictions but still a concern
Reading Time: 3 minutes Katie Clark cancelled her plans to cook Thanksgiving dinner this year because of rising food costs. The 32-year-old Toronto-based single mom says this isn’t the only way rising food costs have affected her over the last year. “It’s really affected what I make and how I cook, and it’s taken the joy out of it […] Read more
Farmgate milk price hike delayed to May
Stakeholders say increase should be postponed amid food inflation concerns
The farmgate price of milk will go up May 1, 2024, rather than Feb. 1, after a review of the national pricing formula and consultation with stakeholders. The increase will be 1.77 per cent, or about 1.5 cents per litre for milk going into processing plants, the Canadian Dairy Commission said Wednesday. The commission had […] Read more
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