Lallemand forced to raise yeast prices

Montreal – Lallemand has announced that it is raising the price of its fresh and dry bakers’ yeast as of Oct. 5.

“The Canadian dollar has fallen substantially against the U.S. currency and economists do not expect it to rise significantly in the near future,” Lallemand vice-president Michel Dion said.

“Since most of our costs are on a U.S. currency basis,” Dion explained, “we have suffered a significant increase of our costs. Your business is important to us and it is our objective to keep servicing it to the best of our abilities; thus in order to keep doing so, we must remain financially sound.

“Unfortunately,” he added, “we are left with no rational alternative, but to increase our selling prices. We are confident, nonetheless, that you will find the quality of our products, even in light of these new prices, to be quite reasonable and competitive. Effective Oct. 5, 2015, fresh yeast prices will be increased by five cents per kilogram and dry yeast prices by 11 cents per kilogram. We value your business and we strive to provide value consistent with price.”