AGP Executive Report
Last update: 4 hours agoDairy Results: Saputo’s Q2 adjusted EBITDA rose 14% to $438 million, led by high-protein ingredients, while the company moves ahead with the sale of its U.K. dairy division. Lassonde reported lower sales and profit but higher adjusted EBITDA, citing improved product mix and easing input-cost pressures. Food Costs: Canada’s farmgate milk price is set to rise 2.8% in 2027. Food bank use is nearly 9% above last year and more than double 2019 levels, as food prices have climbed 30% since 2021. Trade Pressure: Canadian craft brewers are rethinking U.S. production and exports as tariffs and boycotts squeeze cross-border shipments. Canadian Innovation: Halifax-based RFINE is selling KAFFIKA, made from spent coffee grounds, as a cocoa substitute that it says can replace up to 60% of cocoa powder in suitable products. Restaurant Outlook: OpenTable says Canadian dining rose 18% year over year, and 65% of diners expect to eat out as often or more in 2027. Industry Shake-up: Foodtastic’s roughly $1-billion bid for MTY Food Group was rebuffed, keeping a major restaurant-sector takeover in play.
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