The Canadian Dairy Commission is
increasing its support price for butter from $7.4046 to $7.7815. The support
price of skim milk powder will be reduced from $6.3109 to $4.4176/kg.
The net effect is a 2.2 per cent
increase in farm prices.
“These adjustments in support prices
acknowledge the 3.11% rise in the cost of producing milk and are adapted to
changing market conditions” says Alistair Johnston, chairman of the CDC.
