Fish prices have climbed steeply in recent months, in part because of transportation costs and diminishing stocks. Some fisheries, like sockeye salmon, have also seen smaller harvests recently as a result of factors like climate change or overfishing cutting into available supplies. The problem is "clearly" transportation, said Charlebois, with the high cost of fuel a key force driving up prices. Photo by Marc Fawcett-Atkinson / Canada's National Observer Fish - up 13.4%įish prices have increased by an average of about 13.4 per cent over the past year, according to Statistics Canada. Butter is the most valuable part of milk, and it has seen its price increase the most over the past year. While these increases have pushed up the price of all dairy products, butter has been particularly hard hit because it is the most valuable and in the shortest supply. Last month, the organization announced an unusual second price increase in a year, bumping prices up 2.5 per cent. In response to rising costs for dairy producers, the commission in February increased the price of milk by about 8.4 per cent. In exchange for these limits, it guarantees farmers a price for milk that's high enough to cover the cost of production. Canada's dairy prices are set by the Canadian Dairy Commission, a Crown corporation that limits how much milk farmers can produce under the supply management system. The cost of butter has soared, due mostly to rises in milk prices. Higher trucking costs, driven by the rise in oil and gas prices, are another factor in higher pasta prices. For instance, Canada exported 44 per cent less wheat last year than in 2020, according to Statistics Canada. The increase came from North America's 2021 drought, which curbed yields of durum wheat, the basic ingredient for pasta, in Canada and the U.S. The cost of pasta has ballooned by nearly 20 per cent on average over the past year. Photo by Marc Fawcett-Atkinson / Canada's National Observer Pasta - up 20.6% Cooking oils like sunflower seed or canola have seen some of the largest price increases in Canada over the past year. Because palm oil is a key ingredient in everything from food to detergents and cosmetics, Indonesia's ban meant demand outpaced supply, sending prices soaring and triggering price increases in other cooking oils used as substitutes. Concerned about the war's impact on domestic cooking oil supplies, Indonesia - the world's largest palm oil producer - implemented a three-week export ban on palm oil.
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