Milk prices will increase by 2.8 per cent on February 1, the Canadian Dairy Commission has announced.
Fuel and feed costs have risen, but so too has the value of beef-cross calves.
The commission initially calculated an increase of 3.5548 per cent was warranted, but reduced that to 2.8 per cent after consulting stakeholders including the restaurant trade, supermarkets, farmers and processors/
Some of them said cost-of-production increases may not persist into next year.
