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Canadian food industry groups oppose a proposed farm-level chicken price increase in British Columbia from the B.C. Chicken Marketing Board.
Restaurants Canada says the change would raise consumer prices by about 10% on average and is asking the province to intervene. The proposal awaits approval from the B.C.
Farm Industry Review Board.
A supply-managed price increase would lift local chicken costs without any change in feed supply. The impact stays regional and is unlikely to move broader grain or meal prices.
timescolonist.comRosa Saba, The Canadian PressJan 22, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
