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Article: AAFC : The Support Prices for Skim Milk Powder and Butter Will Increase by 6 Cents per Kg on February 1st, 2008
- Article from:
- CCNMatthews Newswire
- Article date:
- December 7, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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OTTAWA, ONTARIO--(Marketwire - Dec. 7, 2007) - The Canadian Dairy
Commission (CDC) announced today increases in the support prices for
butter and skim milk powder that will be effective February 1, 2008.
The support price for skim milk powder will increase from $5.9212 to
$5.9835 per kg. The support price for butter will increase from
$6.8695 to $6.9316 per kg. Support prices are the prices at which
the CDC buys and sells butter and skim milk powder to balance
seasonal supply and demand changes on the domestic market.
For dairy producers, this increase in the support prices should
translate into a revenue increase of 1% or 70 cents per
hectoliter(1) for industrial milk used to make products ...