OTHER CITIES: VANCOUVER MONTREAL

Grocery Prices to Spike in Coming Weeks

Posted by Chris Orbz
Filed in City
August 29, 2007

680 News is reporting that prices of some groceries are set to rise in the coming weeks.

The CBC is reporting that this is largely due to the unprecedentedly high price of wheat. In Canada, we're expected to be facing a 20% smaller wheat crop this year, and around the world the weather is being fingered in an expected low-yield wheat harvest.

Corn prices are also up, for a different reason - biofuels have been putting increased demand on the corn supply, cutting into what is available for market and animal feed.

This means that grain-based foods will be rising in cost, and keep in mind that in the agricultural world "grain-based" means meat even more than it does bread.

(Photo: At the Food Market by jsaneb from the blogTO Flickr pool.)

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Kind of related: Lake Superior is at its lowest levels in over 80 years!

Posted by: Jerrold at August 29, 2007 5:38 PM

Yet another reason why ethanol-based fuel is the wrong way to go. Not only are your tax dollars providing subsidies for this energy-hogging fuel that emits less polution, but your tax dollars are actually contributing to the rising cost of corn. Asinine!!!

Posted by: KL at August 29, 2007 8:25 PM

Maybe this is a time for people to wake up and realize how much of their diet is actually made up of corn and start eating some other kinds of vegetables, perhaps from your local farmer's market. Corn oil, extracts, meals etc.. are in pretty much every packaged food product in existence! Since when were humans supposed to eat only corn!

Posted by: Jonathan at August 30, 2007 4:16 PM