Hope Is Milk Prices Will Not Increase

Nov 03, 2023

Early last month, the CDC issued a statement saying it was looking at a 1.7 percent hike in farm gate milks prices, starting February 1st, but that's been put off until the beginning of May. The commission, which is a crown corporation, reviews the price that dairy farmers are paid for their milk every fall.

When the CDC made its announcement last month, at least two groups came forward urging the commission to hold the line on hiking the price of milk. The Canadian Federation of Independent Grocers called for a pause and so did the Dairy Farmers of Canada. Both were concerned about the rising cost of food for many Canadians. Even this brief pause isn't a guarantee that milks prices won't go up at the retail level this winter. There are many other factors that come into play. Many of those same factors are affecting the price of just about everything we buy. The announcement by the CDC could put pressure on other supply managed industries to hold the line on their price increases.

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Video: New Solution Powers Efficient Pork Growth

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