There’s not much doubt that we’re into inflationary times with recently reported annual inflation of 4.4 per cent. That means additional risk for farmers to manage along with the supply chain challenges currently roiling the world and the usual headwinds that come with running a farm. The latest indicator that there’s inflation beyond what many […] Read more
Tag Archives inflation — page 10

Editorial: Inflation pressure not a surprise

Origins of the increase in food prices explored
Ontario’s agri-food industry can employ strategies to keep these in check
Inflation is a fact of life, but if you have been in a grocery store lately, you may have gotten the impression that it is hitting the food sector a bit harder than is typical. And you’d be correct. It started when the COVID-19 pandemic arrived in Canada. Added requirements to sanitize facilities and provide […] Read more

Canada economy seen weaker than expected as supply chain woes weigh
Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked […] Read more

Conagra flags price increases to cushion inflation impact
Prepared foods firm raises sales forecast
Reuters — Conagra Brands said on Thursday it would increase prices again on its frozen meals and snacks to help cushion the blow of higher inflation, after the diversified food maker raised its annual sales forecast and topped quarterly results. Packaged food companies are grappling with inflation as the U.S. economy rebounds, while spending heavily […] Read more

Argentina extends beef export cap, stoking farm tensions
Move seen as 'giving markets to other countries'
Buenos Aires | Reuters — Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with centre-left President Alberto Fernandez keen to avoid […] Read more

CBOT weekly outlook: Inflation another major concern for traders
MarketsFarm — While weather has become a primary factor in rising commodity prices over the past week, traders at the Chicago Board of Trade are also paying close attention on inflation. Earlier Wednesday morning, the U.S. Bureau of Labor Statistics announced that the producer price index (PPI) increased by one per cent, more than expected, […] Read more

Tensions build over Argentina’s beef export ban
Rural associations pledge pause in livestock trading
Buenos Aires | Reuters — Argentine farm groups will halt trading of livestock in protest against a 30-day government ban on beef exports aimed at bringing down domestic prices, the country’s main producer groups said in a joint statement Tuesday. The South American country’s centre-left Peronist government unveiled the ’emergency measure’ to tamp down high […] Read more

Editorial: Inflation worries
Gen Xers have enjoyed the stability the economic system has given them
I’ve been lucky to have spent most of my adult life in very stable economic times. Interest rates have been low and steady. Global trade and economic growth have been measured and predictable. Governments mostly spent within their means. Then the pandemic roiled trading systems, supply chains and supply and demand and that’s made me […] Read more

High food prices hurting India’s poor
Inflation pain expected to persist for months yet
New Delhi | Reuters — India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds […] Read more

India’s levy cut on lentils part of balancing act
Global markets had zero or little forewarning of decision
MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically […] Read more