Farmers say the first price hike is not enough to cover unprecedented spikes in the cost of livestock feed, fuel and fertilizer. Read more.
raising the farm-gate price of milk by 8.4 per cent — an historic increase that sparked calls for more transparency in the CDC’s decision-making process. The provinces implemented that increase in February.Article content
But less than six months later, the CDC is mulling another hike. The Dairy Farmers of Canada wants the CDC to trigger “the exceptional circumstances process” so it can implement a mid-year milk price increase, according to a June 2 memo from CDC chair Jennifer Hayes. Any price increase would be instituted on Sept. 1, and “would be deducted from any price increase that may result from the routine price review in the fall of 2022,” Hayes wrote.
It wasn’t immediately clear exactly how much the Dairy Farmers of Canada are asking to raise the farm-gate price. Dairy prices at the retail level were up eight per cent in April, compared to the previous year, according to the latest Statistics Canada consumer price index. The overall inflation rate for grocery bills in April was 9.7 per cent — the worst it has been since 1981.Article content
The Retail Council of Canada, a lobby group that represents grocery chains, blamed food inflation on food producers raising their prices. “This points to another example of how retailers continue to face multiple price increases and/or demands from suppliers which is the primary reason why consumers’ grocery costs are increasing,” Retail Council spokesperson Michelle Wasylyshen said in an email in reaction to the calls for a dairy price hike.
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