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Dairy Commission Drops Prices As Concerns Rise About EU Trade Deal
CBC News Jan 20, 2015
Optimism that price reduction will help grow demand for dairy products
Canadians could be paying less for cheese and yogurt in a couple of months after the Canadian Dairy Commission announced it is reducing the price of skim milk powder beginning in March.
The timing of the dairy commission's decision to lower its price comes as a potential trade agreement with Europe is being discussed. That agreement could allow as much as 17,000 tonnes of cheese to come into Canada, none of it produced with Canadian milk.
The CDC sets limits on the total amount of milk products that can be produced, and issues "support prices" at which it would be willing to buy different dairy prices. That's designed to ensure supply and keep consumer prices reasonable.
The dairy commission is dropping the support price on skim milk by about 16 cents.
Read Full Article on CBC News »