Mother Nature largely to blame for price hikes at the grocery store
Shoppers may have noticed inflated food prices at the grocery store this year, and one expert says the number one reason for the hike is due to environmental factors.
Sylvain Charlebois, director of the agri-food analytics lab at Dalhousie University, told CTV News Edmonton the livestock industry has been greatly impacted by droughts and heat waves in Canada, the U.S., Russia and flooding in Europe.
“Mother Nature picked up the pace and gave us droughts and flooding, which is why the prices have gone up,” he said.
Due to these unforeseen circumstances affecting farmers, it bumped up the feed costs for them and in turn drove up the consumer price.
“The thing about poultry in particular in Canada is that it’s like the tide,” Charlebois explained. “If poultry goes up in price, everything else goes up in price.”
Typically we see a two to three per cent hike for chicken and turkey, but this year it’s up 12 per cent, according to Charlebois.
But, if you’re worried about getting a bird for Thanksgiving, he says in order to get the best deal, you should wait…
“I would wait until Friday or Saturday before buying a bird because you may get some sales,” he advised. “Patience will reward you if you wait until the last minute.”
The other element contributing to the increase is the cost of labour and transportation.
“To move anything around right now is costing more so land based logistics are becoming more expensive as we head into the winter months,” Charlebois added.
Poultry is supply managed so if costs go up, farmers are still proportionately compensated, Charlebois told CTV News. As for hog producers, their prices are negotiated publically in Chicago and that sets the benchmark, meaning each producer will have different contractual terms depending on who they deal with.
“It’s a buck a slice now for bacon,” he said.
“If you put that turkey into the oven and you put that lovely bacon on top of the legs and on top of the birds, it’ll basically cost you $4 or $5 more.”
According to Charlebois, if you buy your goods in advance, you will pay full price. The key will be searching for those last minute meal prices.
“The freshest may not be there,” he said. “But it’s not poison either.”
With files from CTV News Edmonton’s Dave Ewasuk.
CTVNews.ca Top Stories
B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
Mountain guide dies after falling into a crevasse in Banff National Park
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
Expert warns of food consumption habits amid rising prices
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
MPP Sarah Jama asked to leave Ontario legislature for wearing keffiyeh
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Charlie Woods, son of Tiger, shoots 81 in U.S. Open qualifier
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
Ex-tabloid publisher testifies he scooped up possibly damaging tales to shield his old friend Trump
As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands of dollars to keep them from the public eye.
Here's why provinces aren't following Saskatchewan's lead on the carbon tax home heating fight
After Prime Minister Justin Trudeau said the federal government would still send Canada Carbon Rebate cheques to Saskatchewan residents, despite Saskatchewan Premier Scott Moe's decision to stop collecting the carbon tax on natural gas or home heating, questions were raised about whether other provinces would follow suit. CTV News reached out across the country and here's what we found out.
Montreal actress calls Weinstein ruling 'discouraging' but not surprising
A Montreal actress, who has previously detailed incidents she had with disgraced Hollywood producer Harvey Weinstein, says a New York Court of Appeals decision overturning his 2020 rape conviction is 'discouraging' but not surprising.
Caleb Williams, Jayden Daniels and Drake Maye make it four NFL drafts with quarterbacks going 1-3
Caleb Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades.