As Canadians, one of our staple breakfast foods is bacon. Whether it's with eggs, pancakes, or even on its own, breakfast just doesn't taste the same without it on your plate. However, Canadians may have to start paying extra for their beloved breakfast side, as Canadian bacon prices are expected to rise.
According to CTV News, experts have predicted that this spike in the price of bacon in Canada is due to the African swine fever outbreak that has occurred in China.
Robert Friendship, a professor at the University of Guelph, spoke to CTV News about the issue, stating that this outbreak has been killing thousands of pigs in China, which is one of the world's top pork producers, producing half of the world's meat.
Due to the lack of pork, prices will continue to rise as the outbreak continues to diminish the 'global pork supply chain'. This will not only impact the prices of bacon in Canada but will most likely affect the entire world.
It's not just bacon either, this outbreak will also affect the prices of all other pork products too. Nonetheless, the places where Canadians can expect to see the worst of the price increases will be in cured meats, like bacon and ham.
Professor Friendship informed CTV that this price increase will only get worse as African swine fever continues to spread through the pork supply of China. Currently, there is no end in sight.
He states that "it's going to get worse, before it gets better," and estimates that this price increase will last until the outbreak is resolved, which could take a significant amount of time.
However, the rising price of bacon isn't something that is shocking. Bacon prices have been on the rise for quite some time within Canada and the U.S., and Canadians are used to paying high amounts for the delicious product.
Southern Living compared the US price of bacon between 1940 to 2016 to show just how much the price of bacon has gone up over the years. In 1940 the price of bacon was only 23 cents, with inflation the price can be placed at $3.91.
In 1980 the price rose to $1.43 ($4.66 with inflation) and has continued to rise to $5.49 in 2016.
Of course, this can also be seen through Canada. According to Statistics Canada, the price of bacon went from 68 cents in 1935 to $8.90 in 2008, which is a more than $8 difference!
It's not clear by exactly how much prices are expected to rise now, but given the outbreak in China, a price spike is basically inevitable. So get ready Canada, pork is about to get even more pricey.