The cost of dairy products such as cheese, yogurt and ice cream is going up yet again.
The price of industrial milk -- which is used to make products such as cheese, yogurt and ice cream -- will rise by 2% on Sept. 1, the result of a Canadian Dairy Commission decision to award an unscheduled price increase to dairy producers. This is the second price increase so far this year (the cost of industrial milk rose 1% on Feb. 1).
CRFA argued against the price hike as the price paid for industrial milk far outstrips the costs required to produce it: over the past 13 years, industrial milk prices have skyrocketed 55% while the cost of producing milk has grown by less than 2%. This “special increase” - which was requested to offset rising input costs - is unnecessary as Canada’s supply management system already includes a significant cushion for dairy producers to absorb rising costs.
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