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Article: The Support Price for Skim Milk Powder Will Increase on February 1st, 2007

Article from:
CCNMatthews Newswire
Article date:
December 15, 2006
Copyright

OTTAWA, ONTARIO--(CCNMatthews - Dec. 15, 2006) - The Canadian Dairy Commission (CDC) announced today that, effective February 1, 2007, the support price for skim milk powder will increase from $5.8337 to $5.9212 per kg. The support price for butter will remain unchanged at $6.8695 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 price of skim milk powder (SMP) should translate into an increase of 0.75 cent per litre (1.06%) for industrial milk used to make products such as yogurt, cheese, butter and skim milk powder. Prices ...

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