Milk costs in Canada may very well be going up for the second time in a 12 months.
Dairy Farmers of Canada has requested the Canadian Dairy Commission for a mid-12 months milk price hike as a result of present inflationary surroundings.
Read extra:
Milk costs soar throughout Canada as document price will increase for farmers kick in
The business foyer group says farmers are going through by no means-earlier than-seen price will increase on items and providers they should produce milk.
It says in lower than a 12 months fertilizer prices have risen 44 per cent, gasoline is up 32 per cent and animal feed has elevated eight per cent.
The Canadian Dairy Commission says it should maintain consultations later this month and concern its choice round June 17.
The federal physique, which oversees Canada’s dairy business and provide administration system, says the milk price improve could be efficient Sept. 1.
That would come after farm gate milk costs rose six cents per litre, or roughly 8.4 per cent, on Feb. 1.
© 2022 The Canadian Press
Canada’s dairy farmers seeking another milk price hike amid inflation – National & More Latest News Update
Canada’s dairy farmers seeking another milk price hike amid inflation – National & More Live News
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Canada’s dairy farmers seeking another milk price hike amid inflation – National & More News Today
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