Milk prices in Canada could be going up for the second time in a year. Dairy Farmers of Canada has asked the Canadian Dairy Commission for a mid-year milk price hike due to the current inflationary environment.
asked the Canadian Dairy CommissionThe industry lobby group says farmers are facing never-before-seen price increases on goods and services they need to produce milk.
It says in less than a year fertilizer costs have risen 44 per cent, fuel is up 32 per cent and animal feed has increased eight per cent. The Canadian Dairy Commission says it will hold consultations later this month and issue its decision around June 17. The federal body, which oversees Canada's dairy industry and supply management system, says the milk price increase would be effective Sept. 1.
That would come after farm gate milk prices rose six cents per litre, or roughly 8.4 per cent, on Feb. 1.
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