Rood said while the five major grocery chains are making a windfall from increased grocery sales due to the pandemic, they continue to hit farmers and processors with higher fees.
“Loblaw, Walmart and Metro want to gouge farmers and processors,” she said. “Loblaws saw record third-quarter profits of about $400 million. Metro’s fourth-quarter profits were up 11.4 per cent. However, they want farmers and processors to pay for store expansions while groceries for families from Streetsville, Pointe-au-Baril and across Canada get more expensive.”
The Commons agriculture committee has launched a study into food processing capacity into Canada. In a presentation to the MPs, Michael Graydon, President of Food, Health and Consumer Products of Canada, said five retailers control more than 80 per cent of the consumer food purchases. “These retailers have adopted unfair and unethical business practices not seen or accepted in any other sector and have remained unchecked due to their power over suppliers.”
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