Canadian Grosers see an increase of about 50 percent in the cost of white rice from June 2024: State Cain

An affordable food staple for many Canadian people has seen an increase of about 50 percent in the check-out register because the cost of 2 kg of white rice has increased from $ 6.46 in June 2024 to $ 9.62 in just one year in June 2024, in just one year, in just one year, only one year, just one year, just one year, just one year, just one year, $ 9.62 $ 9.62 in $ 9.62, $ 9.62 in $ 9.62, $ 9.62 in $ 9.62, $ 9.62 $ 9.62 $ 9.62 $ 9.62 $ 9.62 $ 9.62 in one year, $ 9.62 in $ 9.62 $ 9.62 in just one year, $ 9.62 in $ 9.62, $ 9.62 $ 9.62 in just one year, $ 9.62 in $ 9.62, $ 9.62 in $ 9.62, In just one year, just one year, only one year according to one year, only one year in $ 9.62 $ 9.62 Consumer Price Index of Statistics Canada,

Throughout the year, the price of rice has raised, reaching the peak of $ 10.20 in March.

Suki Bud, a professor at an economics of Douglas College, said, “Rice is known to be consumed by people in low -income brackets, and for them, it is an important part.”

“This is another obstacle to strength in Canada.”

The figures are based on monthly CPI for the average retail price of select products, including white rice. Statecan warned that products, such as factors, and consumer preferences can contribute to the monthly price difference.

The price of 2 kg white rice is not immersed below $ 9.15 since January, the lowest cost has been seen this year.

Bud said that the rice market affects more than two million Canadians, mainly Chinese, Southeast Asia and Southern Indian communities.

“I like rice very much, I was born from eating rice, and I can’t go ahead of eating other things,” said a Philippino Canadian Juliet living in British Columbia.

“My main food is rice. So, when you ask me what my attitude towards new growth in rice, of course, I don’t like it, but it is the reality of life. The economy goes down and goes up, so I’m going to adjust.”

An economist said that increase in demand from Canadian immigrants is a reason for price increase in white rice.

“We know that for a long time, immigration in Canada is inspired by immigration coming from Asia, where people eat rice mainly. Rice is a head in that part of the world,” Michael Batu said, an economist located in BC

“Which means that if people are coming from that part of the rice eating world, then it should increase the demand for rice in Canada.”

Canada mainly depends on imports and global markets for commercial production of rice. But as -such as global participation varies between American tariffs, the cost of Canada has increased as Canada’s dependence on imports.

Batu said that the US Levi in Canada, however, may come as an opportunity to have a business relationship with South East Asian nations (ASEAN).

“The risk of tariffs coming from the United States actually comes as a blessing in disguise. Because it opens more opportunities in Canada, to reach other countries, a large group of countries called ASEAN, especially a large group of ASEAN, which are the major rice producing countries of the world,” Batu said.

Canadian trade owners are also feeling the brunt of price increase.

Harvinder Kalra is the owner of the De -Dress Grocery and Production for an Indian grocery store located in BC, saying that suppliers themselves rely more on international markets and face various challenges. But because rice is a major food item for different communities, the demand has not decreased.

“Generally, we are buying from the superstore, and the price here is a bit appropriate,” a customer said that who was shopping in the store.

In the restaurant region, American tariffs continue to create unexpectedness.

Kevin Chung is the manager of the Dim Sama King Seafood Restaurant in Toronto, who said that not only his rice comes from America, but also other materials such as celery and chicken.

Chung said, “Because we use American rice to make sticky rice chicken, it is important to increase the price for imported rice from the US.”

“We will see how the tariff plays the war. For example, if the wholesalers have changed their prices, we also have to change them. The cost of the business is. Labor costs for our employees are high. We also need to adjust our rent and content.”

With Files from Parmeet Kamra, Pat Fernandez, and Jie Yang

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