The Canadian Dairy Commission says it has approved a rise in farm gate milk prices of about 2.2%, or just under two cents per litre, effective Feb. 1
Milk prices in Canada are expected to go up again in the new year.
The Crown corporation, which oversees Canada's dairy supply management system, said the increase is based on the rising cost of production. Altogether, the total 12-month farm gate milk price increases amount to roughly 10 cents per litre, or 13.1 per cent.The price hike will see all dairy products — including butter, cheese, ice cream and yogurt — increase in price though some products will be affected more than others.
"The 2.2 per cent applies to milk going into all dairy products, but it won't impact all dairy products in the same way."Other factors along the supply chain could affect the final product price of dairy products, Gaudreau said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Dairy Commission approves another milk price increase for 2023Milk prices in Canada are expected to go up again in the new year.
Read more »
Canadian Dairy Commission approves milk price increase for 2023Canadian Dairy Commission approves another milk price increase for 2023
Read more »
Canadian Dairy Commission approves milk price increase for 2023Milk prices in Canada are expected to go up again in the new year.
Read more »
CHARLEBOIS: Milking Canadians no longer that simpleThe Canadian Dairy Commission has just released its recommendations for 2023.
Read more »
Farmers will get 2.2% more for their milk next year — and retail prices could go up, too | CBC NewsThe Canadian Dairy Commission says the so-called farm gate price for dairy will increase by another 2.2 per cent starting in February, as the supply managed industry says its costs continue to rise.
Read more »