Many Canadians are wondering why food prices are not dropping at the same rate as agricultural commodity prices. Last year, Russia’s invasion of Ukraine pushed prices to astronomical levels. One year later, the agricultural commodity landscape looks incredibly different. Prices for agricultural commodities have dropped significantly in the last 12 months. Wheat prices have fallen…
Consumers Upset by Food Prices as Inflation Becomes ‘Frustratingly Elevated’: Woolworths Boss
Consumers are becoming increasingly frustrated with the soaring food prices and interest rates, Australia’s largest supermarket chain says. Woolworths Chief Executive Brad Banducci said there are signs of overall inflation moderate in food, while inflation in many areas has been stubbornly elevated. He said the group needed to continue working hard to provide customers with value….
Australians Urged to Make Most of Pineapples Glut
Pineapple lovers are lucky to enjoy a glut of tropical fruit at a cheap price as the crop ripened prematurely after an unseasonal winter rain in Queensland. The cold and wet snap in the sunshine state is expected to result in millions of pineapples—or 70 percent of the annual crop ripening all at once instead…
Survey Suggests 20 Percent of Canadians Skipping Meals to Cut Down on Food Costs
Laurie O’Connor says more people in Saskatoon are struggling to get food for themselves and their families as prices in grocery stores rise out of reach. “We are definitely seeing an increase and have been noticing that since January,” said O’Connor, executive director of the Saskatoon Food Bank and Learning Centre. The majority of respondents…
Food Banks Hope for Holiday Bounty Amid Rising Demand, Inflated Food Costs
Simon Malsi hopes to pick up a few extra hours of work on Thanksgiving Day to help him afford to put a holiday meal on the table. The personal support worker said he’s been trying to secure more shifts to make ends meet as his family strains to keep up with the soaring cost of…
Food Price Inflation Soars to Record High In Germany
Food price inflation in Germany soared to its highest level on record in July though the overall pace of price growth eased slightly, according to the country’s statistical agency. Germany’s Federal Statistical Office, also known as Destatis, said on Aug. 10 that food prices jumped by 14.8 percent in the year through July, the fastest pace…
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