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The bread price-fixing scandal in Canada refers to a group of competing bread producers, retailers and supermarket chains reached a secret agreement among themselves to artificially inflate the price of bread at the wholesale and retail levels from late 2001 to 2015 [1] (some sources stated that the price fixing continued into 2017 [2]).
They agreed to increase the price of the shares in question at the end of certain days' trading, to make the prices look better in clients' portfolios. [ 43 ] Trading in stocks simply to move the market price is a serious abuse: it distorts market forces and undermines investors' confidence in the integrity of the prices quoted on exchanges ...
Making white bread meant discarding part of the edible wholegrain, and which was discouraged during times of food shortage. [1] Bakers in 1735 complained about the poor quality of flour they received. Traditionally an exporter of wheat, after 1750, England began importing it, with the consequence of rising prices of bread. [2]
In a ten-month span in 1973, global food prices rose by at least 30 percent and some sources claim up to 50 percent. [ 9 ] [ 19 ] [ 20 ] [ 21 ] In some British markets there was a reported 87 percent increase on the price of an 800 grams (28 oz) loaf of bread. [ 22 ]
The Egyptian "bread riots" of 1977 (Arabic: إنتِفاضة الخُبز, intifāḍhat-ul-khobz, “The Bread Intifada”) were a spontaneous uprising against the increase in commodities' prices on the 18th and 19th of January after the Egyptian government cut subsidies for basic foodstuff.
The subsidies favored the wealthy as much as the poor. The decision was announced on 29 December 1983, and led to an immediate rise in the price of bread and flour. [4] Prices went up by over 100%. [5] The increase, the first in fifteen years, directly affected the poor. [4] Some Tunisian families spent 80% of their food budget on bread and ...
Flour War – occurring in 1775, this was an uprising caused by the excessive price of bread in France before the French Revolution. Early in the season for wheat harvesting and flour production, the government enacted fewer price controls than later in the year, leaving prices to the free market. This caused the price of flour to climb, and ...
The Boston bread riot was the last of a series of three riots by the poor of Boston in Massachusetts Bay Colony between 1710 and 1713, in response to food shortages and high bread prices. The riot ended with minimal casualties.