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Copyright © 2001 Eastern Ontario Farmers Forum Inc. All Rights Reserved |
Beef prices increase in supermarket
Despite disastrously low prices at sale barns, beef prices have been increasing in supermarkets across the country.
A
statistics Canada report shows that retail beef prices have increased by
0.8 per cent for Canada for 2003.
All the western provinces showed a
drop in the price of beef, lead by Saskatchewan, where prices went down by
three per cent. Quebec prices for beef increased by
almost 2.5 per cent, while Ontario prices went up by almost 1 per cent
over in 2003 over the previous year. Nova Scotia lead the charge for
higher prices with close to a three per cent rise. The prices of beef declined for
several months after the announcement of mad cow in May, but by September
was climbing higher. The price of fresh and frozen beef in Canadian retail
stores during December 2003 finished marginally lower than in December
2002 but higher than every earlier year dating back to 1995. Back in April, a kilogram of ground
beef in Canada sold for $5.90. The price began a steady decline in May,
after the announcement of mad cow disease. By September, the price at the
retail level appeared to have bottomed out at $4.48 per kilogram,
rebounding to $5.10 in November and $5.13 in December. Retail stores have been pushing up the price of beef
over the years. The Consumer Price Index has risen by 19.17 per cent since
1995 and the food index has risen by 18.7 per cent. But the price of
frozen and fresh beef has gone up 27 per cent