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Monday, January 20, 2014

Price Of Milk Increasing Next Month

You'll be paying a little more for milk starting next month, with the New Brunswick Farm Products Commission announcing the price is going up by 3.1 cents per litre.

Commission chair Bob Shannon they needed to raise the price because for several reasons, the most significant being the cost of production, processing and the delivery of milk to consumers.

The increase will be divided among dairy producers, dairy processors and retailers. Producers will receive 1.32 cents per litre, processors will get 1.37 cents per litre, and the balance goes to retailers. Pricing under the School Milk Program will remain unchanged for the school year.