The eastern Canadian provinces have approved a five per cent dairy quota increase — their largest one-time quota increase since the daily quota system was implemented in 1998. It will also be implemented quickly, on July 1. The five provinces — Prince Edward Island, New Brunswick, Nova Scotia, Quebec and Ontario — create quota policy […] Read more
Tag Archives butter — page 2
Eastern dairy farmers get big quota increase
Gay Lea to buy central Ontario butter maker
A U.S.-owned artisanal butter processor in central Ontario is set to become an arm of Ontario dairy co-operative Gay Lea Foods. Michigan-based butter producer Butterball Farms has agreed to sell Stirling Creamery, based at Stirling, Ont., north of Belleville, to Gay Lea effective Nov. 1. Financial terms of the deal weren’t disclosed, though Gay Lea […] Read more
Dairy firms plan joint processing venture in Winnipeg
Manitoba dairy producers are expected to get a new outlet for their raw milk from a new joint venture to process butter and dairy ingredients in Winnipeg. Mississauga-based dairy co-operative Gay Lea Foods and ingredient processor Vitalus Nutrition of Abbotsford, B.C. on Monday announced a joint venture to be based at an unnamed “existing food […] Read more
Dairy support price gets second bump of year
Facing depressed world prices for milk, Canada’s dairy farmers can expect a boost of about 2.76 per cent in their overall revenue from industrial milk sales starting Sept. 1. The Canadian Dairy Commission on Friday announced an unusual second increase this year in the support prices it sets for butter ($8.0062 per kilogram, up from […] Read more
Dairy support price trimmed starting March 1
Canada’s dairy producers can expect their overall revenue from sales of industrial milk to slip nearly two per cent starting in March. The Canadian Dairy Commission on Thursday announced it will snip the support price it sets for skim milk powder effective March 1 to $6.3109 per kilogram — down from the current $6.4754 — […] Read more
Saputo profit jumps 17 pct on higher cheese, butter prices
Reuters – Canada’s largest dairy producer Saputo Inc reported a 17 per cent jump in quarterly earnings on Thursday, boosted by higher U.S. cheese and butter prices and recent acquisitions. The Montreal-based company, whose brands include Dairyland and 1/2 Moon cakes, said it intends to buy back 5 per cent of its common shares during […] Read more
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