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The farmgate price of milk will be lowered by 0.0237%, or less than one cent per liter sold to processors. This was announced by the Canadian Dairy Commission (CCL) on 1is November.
Each year, the federal body carries out an examination to establish the price that the farmer will receive from the processor for the manufacture of cheese, yogurt, fluid milk or even butter. The adjustment is determined based on an industry-established formula, which takes into account on-farm production costs as well as the Consumer Price Index.
“Productivity gains on the farm and the drop in the cost of certain inputs, such as animal feed, have helped to balance production costs as a whole,” the CDC said to explain its decision.
The net impact of this drop on retail dairy product prices remains unknown, she said, as these are also influenced by other factors in the supply chain, such as labor costs. work, transportation, distribution and packaging.
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