Start stocking up on bread and cookies: giant food producer George Weston Ltd. is passing through 5 per cent price increases to its retail clients, including grocer Loblaw Cos. Ltd. , starting April 1.
The price increases are an attempt to cover significant increases in commodity prices such as wheat, sugar, vegetable oil and transportation costs, said Ralph Robinson, president of Weston Foods, the bakery division of George Weston which also owns Loblaw.
The commodity price increases have ranged from 35 to 50 per cent in the past year or so, he told a conference call on Thursday.
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