Tuesday, April 19, 2022

Milk sales rose despite price hike

Despite a widely-publicized price hike of 8.4 per cent on Feb. 1 for dairy farmers, sales have increased, said Daniel Gobeil, president of Quebec's milk marketing board.

But he did not break it down to compare the period before and after Feb. 1.

As a result, the national milk supply agency is providing incentives to farmers to increase production. It’s in the form of an extra quota day now and another in August.

Cream sales were up 10.2 per cent in January and February compared with last year, cheese up 7.7 per cent, butter by 5.4 per cent, ice cream by 4.6 per cent, yogurt rose by 2.9 per cent, and even fluid milk by seven-tenths of one per cent.

While the price increase was 8.7 per cent, Gobeil said costs are now 13.4 per cent higher than a year ago.