For the first time in history, supply management is reducing the price of milk by 2.37 cents a litre, effective Jan. 1.

Prices are governed by a cost-of-production formula and the Canadian Consumer Price index.

‘This price is only for milk used to make butter cheese and othee products.

The province oversees prices provincial marketing boards set for fluid milk which consumers buy a fresh milk.

That price has also never gone down,

At least twice, milk marketing boards have lobbied for changes in the pricing formulas to avoid reductions. In the case of the two types of milk, the Consumer Price Index was brought into the formula.