Agriculture Roundup for Monday, January 29, 2024
Several food industry groups are raising the alarm about a potential increase in the farm-level price of chicken in British Columbia, saying it could put pressure on businesses and consumers.
Restaurants Canada is urging the provincial government to intervene as the change would raise consumer prices by an average of 10 per cent.
The Canadian chicken industry, alongside dairy and eggs, is supply-managed. That means there’s a system in place that regulates production levels, wholesale prices and trade.
The B.C. Chicken Marketing Board has proposed a new pricing formula to determine the price of chicken in the province, a submission awaiting approval by the B.C. Farm Industry Review Board.