UDDER SHOCK: Milk prices set to ‘skyrocket’ in new year

Article content

There’s a cereal killer on the loose — named the Canadian Dairy Commission.

Article content

Indeed, the latest grocery item set to soar in price is milk.

If only 1% and 2% represented the planned increases and not the milk-fat content. No such luck. The CDC — a Crown corporation that sets the price that dairy farmers get for their milk — is recommending a record-setting increase of 8.4%.

It’s expected to mean an increase of up to 10% on the cost of milk on supermarket shelves.

The price increase, which could come into play in February, is a reflection of rises in the cost of feed, fuel, and equipment.

The planned increase was quietly announced on the CDC website on Friday.

It could amount to an extra six cents per litre for processors that buy milk from farmers and turn it into retail-ready products.

The ripple effect would be unprecedented, said Sylvain Charlebois, a professor who runs the Agrifood Analytics Lab at Dalhousie University in Halifax, likely causing the price of milk, yogurt and cheese to “skyrocket” in supermarkets next year.

“Dairy farmers want more money? Fine, but stop hiding your numbers and show verified data and more transparency to the Canadian public,” Charlebois wrote in a tweet on Sunday.

Article content

“It’s so opaque, it’s unbelievable. And their decisions will impact many, many Canadians,” he later said in an interview. ‘What I’m always disappointed in is how they communicate it to the public, which they don’t. They just post something on their website that nobody looks at.”

We apologize, but this video has failed to load.

The last two annual increases for milk reportedly hovered around 2%.

  1. Signage mark the Statistics Canada offiices in Ottawa on July 21, 2010. Canada's national statistics agency announced one million jobs lost in March as the COVID-19 virus plunged the country into economic uncertainty.

    EDITORIAL: Cost of living is out of control

  2. Justin Trudeau, Erin O'Toole and Jagmeet Singh will hit the road on the first day of the federal election campaign.

    LILLEY: As cost of living skyrockets under Trudeau, what are his solutions?

  3. The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020.

    Canada’s rising annual inflation rate ‘a cost-of-living crisis’: O’Toole

The Dairy Farmers of Ontario said in a statement the cost of livestock feed alone has increased more than 27% in the last two years, while equipment costs are up nearly 20% and fuel has risen by more than 30%.

The looming dairy increases are not providing light at the end of the tunnel for restaurant owners who have already been fighting for survival due to the impact of COVID-19 restrictions.


Share on facebook
Share on twitter
Share on pinterest
Share on linkedin
On Key

Related Posts


Russtrat world