Country 105

Country 105


Agriculture Report

No Big Increase for Grocery Bills

By Kevin Bernard

University of Guelph study says grocery bills will increase next year between 0.3 to 2.4 per cent.


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It may not cost you that much more to grocery shopping in 2015.

A report from the University of Guelph says grocery bills will only increase slightly.

It projects an increase of between 0.3 per cent and 2.4 per cent.

The report suggests a 3 to 5 per cent jump in prices for meat, fish and other seafood and vegetables.

But that will be offset by some staple -- such as dairy and eggs -- which could be less expensive in 2015.

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Crop yields are down across the country.

Stats Canada reports national wheat totals are down 22-per-cent compared to 2013.

National totals for canola dropped 13 per cent while production of barley and oats dropped 30 per cent.

In Ontario, corn yields fell more than 15 per cent from last year, to 7.6 million tonnes.

But there was an increase in spring wheat, and barley.

Soybeans were the only crop to enjoy an increase in production -- up 13 per cent.

Ontario farmers produced 17 per cent more soybeans at 3.8 million tonnes, a new record.

 

 


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