Canada’s inflation rate falls to lowest level since August 2021, hits 4.3% in March
Canada’s inflation rate falls to lowest level since August 2021, hits 4.3% in March “Lower prices for fruits and vegetables led to a deceleration in grocery prices Canada’s annual inflation rate fell to 4.3% in March as higher mortgage interest costs were offset by lower energy prices. Statistics Canada reported Tuesday (April 18) that inflation slowed […]
Exports of non-traditional goods up 9.3% in Peru
Exports of non-traditional goods up 9.3% in Peru “Peruvian exports of non-traditional goods posted a significant growth of 9.3% in the first two months of 2023, compared to the same period last year, according to the latest report issued by the Ministry of Foreign Trade and Tourism. In total, non-traditional agricultural exports totaled US$1.577 billion […]
FDA Amends Standard of Identity for Yogurt
FDA Amends Standard of Identity for Yogurt “What’s New April 13, 2023 Today, the U.S. Food and Drug Administration is issuing a final order to modify the yogurt standard of identity final rule, published on June 9, 2021. The FDA is denying the International Dairy Foods Association’s (IDFA) request for a public hearing and is issuing […]
11 Important Consumer Trends (2023-2026)
11 Important Consumer Trends (2023-2026) “From changes in shopping habits to new technology, there’s no question that businesses of all sizes need to keep tabs on ever-shifting consumer preferences. If you want to learn about important global consumer trends to watch for the next 2-3 years, read on. 1. Consumers Demand Control Of Their Data […]
Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023
Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023 “The Bank of Canada is once again holding its key interest rate steady at 4.5% but isn’t ruling out the possibility of more rate hikes down the line. The central bank said Wednesday (April 12) that recent economic data is reinforcing […]
Trail Mix: Healthy Snacks on the Rise
Trail Mix: Healthy Snacks on the Rise “The demand for convenient, nutritious snacks is here to stay. Trail mixes should enjoy annual growth approaching 13% because of the demand for healthy, on-the-go snacks, forecasts the London-based global market research firm Technav. “Forget about the power nap — we have the power snack!” says Avan Allen, […]
More than 40% of farm operators to retire by 2033: report
More than 40% of farm operators to retire by 2033: report “A new report says more than 40% of farm operators will retire over the next decade, leaving Canada with a shortage. The report from the Royal Bank of Canada, Boston Consulting Group Centre for Canada’s Future and Arrell Food Institute at the University of Guelph says the country will be short […]
Grocery code to increase ‘fair and ethical dealing’ industry, draft report says
Grocery code to increase ‘fair and ethical dealing’ industry, draft report says “An industry group set up to hammer out a Canadian grocery code of conduct is getting closer to a final document, even as the way its terms will be enforced remains unclear. A new working draft of the grocery code viewed by The […]
Vietnam sees Q1 earnings from fruit and vegetables
Vietnam sees Q1 earnings from fruit and vegetables “Vietnam earned 935 million U.S. dollars from exports of fruit and vegetables in the first quarter this year, 10.6 percent higher than a year earlier, in defiance of a gloomier forecast for the country’s export-led economy, according to the country’s General Statistics Office. Fresh produce exports, a […]