Thread: Food Prices
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Old 11-11-2023, 12:56 PM   #54
RichieRich
First Line Centre
 
Join Date: Dec 2017
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Quote:
Originally Posted by Firebot View Post
The price change can easily be explained by soybean prices dropping like a rock, especially compared to 2022 prices. You will note the graph closely matches your experience in recent years with a lagging factor.

https://tradingeconomics.com/commodity/soybeans


That's why these type of examples are anecdotal. Soybeans currently would be a deflationary example on inflation numbers overall.
As an FYI - Sunrise is a western Canadian success story. Very interesting. Factory in Vancouver so in some ways less affected by some inflationary impacts such as cross border shipping and logistics/distribution.
https://sunrise-soya.com/our-story/
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