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.
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Tag Archives food prices
World food prices reach 19-month high in November, UN says
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.
Consumer food-buying behaviour changing rapidly
Inflation-strapped buyers turn to more discounts, cut their food-buying budgets
Canadian consumers have dramatically changed their grocery-buying patterns in the past year as food prices and housing inflation have squeezed their budgets. Demand and product changes in the food supply […] Read more
Report sees lower Canadian food inflation through 2024
Project lead Sylvain Charlebois sees return to inflation “sweet spot” by year-end
Glacier FarmMedia – 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 […] Read more
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
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.
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.
Editorial: Concern over grocery prices no joke
The issue of soaring grocery prices was the subject of a hilarious skit on the Canadian comedy television show This Hour has 22 Minutes earlier this month. In the skit, […] Read more
Canadians trust farmers despite high food costs — for now
How farmers have maintained, and could risk, public trust
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. Food […] Read more
Opinion: If we can’t afford groceries, why are sugary drinks booming?
Glacier FarmMedia – I go to Tim Hortons about three times a week, mostly for coffee and an egg sandwich and sometimes an Old Fashioned plain doughnut. I’m not alone […] Read more
Comment: How the food subsidy system is failing northern Canada
Grocery retailers are benefiting from food subsidies and that’s a problem
Soaring food prices, growing profit margins and record-high profits in the food industry have severely impacted the lives of many Canadians. According to Innovation, Science and Industry Minister François-Philippe Champagne, […] Read more
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