Sobeys warns poor weather will keep pro­duce prices high

The Guardian (Charlottetown) - - BUSINESS -

MON­TREAL — Cana­di­ans can ex­pect high prices for pro­duce to last at least sev­eral more weeks as a re­sult of the weak loonie and weather is­sues in crop-grow­ing ar­eas, one of the coun­try’s largest gro­cery chains said Mon­day. In ad­di­tion to the ad­verse im­pact of the lower Cana­dian dol­lar, flood­ing caused by El­Nino have con­trib­uted to sup­ply short­ages and price in­creases on pro­duce from Cal­i­for­nia and Mex­ico, said Claude Tessier, pres­i­dent of Sobeys Que­bec. “From what we hear the sit­u­a­tion is go­ing to be for the next three weeks and then we’ll see how things evolve (along) the west coast,’’ Tessier told re­porters af­ter Sobeys CEO Marc Poulin spoke to the Cana­dian Club. The com­pany, which also op­er­ates ban­ners such as IGA, Safe­way and FreshCo, is strug­gling to deal with the worst sit­u­a­tion in 30 years by try­ing to im­port fresh food from other grow­ing ar­eas such as Florida, Morocco and Spain, Tessier said.

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