Milk prices in Canada are expected to go up again in the new year.
The Canadian Dairy Commission says it has approved an increase in farm gate milk prices of about 2.2%, or just under two cents per litre, effective Feb. 1, 2023.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
It comes after the commission approved two price hikes in 2022: A 2.5% increase, or roughly two cents per litre, in September and an 8.4% increase, or six cents per litre, in February. Altogether, the total 12-month farm gate milk price increases amount to roughly 10 cents per litre, or 13.1%.tap here to see other videos from our teamMatthew Gaudreau, the dairy commission’s director of policy and economics, says the price of milk components is one factor that goes into the retail price of milk and that other factors along the supply chain could affect the final product price of dairy products.
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