Price fixing schemes are rampant across several commodities industries.
We have seen it here in the U.S. with meat processors and now Canada Bread is admitting its guilt in arranging price increases with its competitors in 2007 and 2011.
The country’s leading bread producer will pay a fine of $50 million dollars. An independent food industry analyst says that it caused bread prices to be double the food price inflation.
Canadian Grocer Trade Journal publisher, George Cordon says that over the fourteen years price fixing period consumers paid out hundreds of extra dollars for their bread purchases.
“The price increase was about 7 cents at wholesale, which meant about 10 cents at retail. Ten cents isn’t going to break anybody’s back, but over a period of time, it can amount to quite a bit. That could, ultimately, have cost a regular bread shopper maybe $400 dollars,” he explains.
The $50 million dollar fine will actually be paid out by Mexican company Bimbo; they bought Canada Bread back in 2014.
For aging operators and their rural neighbors, staying socially engaged is a practical strategy to preserve decision-making capacity and farm vitality.
October 24, 2025 01:37 PM
·
Sen. Roger Marshall explains which types of beef are imported into the United States, how there’s room for new imports, and logical reasons for current high prices.
October 23, 2025 12:10 PM
·
U.S. Senator Deb Fischer (R-NE) discusses the USDA’s new cattle plan, ethanol policy, and the broader challenges ahead for rural America.
October 23, 2025 11:24 AM
·
Expanding bioethanol use strengthens rural economies, supports farm markets, and positions U.S. agriculture at the center of global low-carbon trade.
October 23, 2025 10:10 AM
·
“President Trump Undercuts America’s Cattle Producers,” says NCBA
October 22, 2025 04:42 PM
·
The U.S. Department of Agriculture (USDA) is investing now to make markets less volatile for ranchers over the long term and more affordable for consumers, according to a press release.
October 22, 2025 04:05 PM
·
