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Company's chief executive says the surcharge 'will be removed if or as fuel markets normalize' in Middle East
Published May 07, 2026 • 1 minute read
Just as various industries are passing the rising cost of fuel to their customers, one of Canada’s largest meat-processing companies said it’s following suit.
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Maple Leaf Foods CEO Curtis Frank said the company is adding a temporary fuel surcharge due to rising transportation costs associated with the Middle East conflict.
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“Geopolitical developments, including the conflict involving Iran, are affecting energy markets and increasing transportation costs in the near term,” Frank said Thursday on an earnings call, according to The Canadian Press.
“This provides transparency around the underlying drivers of those increases and will be removed if or as fuel markets normalize.”
Strait of Hormuz critical to oil supply
The U.S. war with Iran, which led to the closure of the Strait of Hormuz, has kept the price of oil high as tanker traffic from the Persian Gulf remains stalled at the chokepoint in an area that accounts for 20% of the world’s oil supply.
While negotiations between the U.S. and Iran to end the war are ongoing, the price of oil is still much higher than it was before the war began.
Back in February, the Mississauga-based company increased prices by about 11 cents per kilogram or about four cents per package of hotdogs and bacon, CP reported.
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Company still reporting strong sales numbers
Despite the price increase, Maple Leaf Foods reported poultry sales in first quarter of 2026 had increased by 11.7%, while prepared foods sales increased by 2.3%.
First-quarter sales totalled $962.9 million compared to $906.7 million last year, an increase of 6.2%, the company reported.
Frank said one of the reasons why poultry sales are high is that it’s more affordable compared with other proteins, such as beef, according to CP.
Read More
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CHARLEBOIS: Iran war and the Strait of Hormuz -- when geopolitics becomes grocery bills
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CHARLEBOIS: Why a ceasefire won’t cool your grocery bill
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