Canada Packers Inc. says it is passing on higher fuel costs to its customers as oil prices have skyrocketed since the outbreak of the war in Iran.
High oil prices have made customer deliveries more expensive while the cost of fuel used on farms has also gone up, the company said.
High fuel prices have started to seep into grocery bills as the war in the Middle East enters its third month and the narrow but crucial Strait of Hormuz effectively remains shut—blocking oil tankers from passing the waterway.
Canada Packers said there will be short-term cost impacts this quarter and next….