Dairy farmers in New Brunswick and Prince Edward Island will receive price increases of about 2.95 cents per litre on the milk they produce starting next month.
The New Brunswick Farm Products Commission on Monday announced an average increase of 2.95 cents for producers, with no increase at the processor level. The standard mark-up at retail has also been factored in, the commission said.
The cost of milk used in the province’s school milk program, subsidized by producers and processors, will not increase, the province said in a release.
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The P.E.I. Marketing Council, meanwhile, announced the minimum wholesale price for fluid milk and cream products will go up Feb. 1 by 3.087 per cent, or about five cents per litre, with 2.95 cents going to the producer and 2.05 cents going to the average margins for processors.
Affected products include standard homogenized, two per cent, one per cent, skim and chocolate milk as well as blend, table and whipping cream.
The council opted not to hike the minimum home delivery price for fluid milk, but “distributors are expected to adjust their home delivery selling prices to offset increased costs associated with the declining market for this service,” said council president Gordon MacBeath in a release Monday.
