He was referring to the Canadian Dairy Commission’s announcement late last week that called for a historic 8.4 per cent increase in the “farm-gate” price of milk, which amounts to six cents per litre. Under supply management rules, the commission can establish the price that farmers get for their raw goods, but not the price at retail.
But some economists and scholars argue it won’t be as painful as many seem to fear. They say the relationship between farm prices and supermarket prices is messy, to say the least, and a big bump on one end doesn’t always result in an equally big bump on the other. Chantal Paul, director of corporate services at the Canadian Dairy Commission, acknowledged its decision would lead to increases for consumers “for sure,” but said the “magnitude of this increase is really going to depend on what’s going to happen down the supply chain.”
“It all depends on the weight of milk in the overall retail product. Then you add on labour, transportation, packaging, all that stuff,” Gervais said. “I think it’s a little bit misleading to think that eight per cent at the farm level is going to trigger some significant increases in per-cent terms at the retail level.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indians celebrate festival of light amid COVID-19 fearsIndians across the country began celebrating Diwali, the Hindu festival of lights, on Thursday amid concerns over the coronavirus pandemic and rising air pollution. There are no covid 19 fears in India and air pollution is mostly due to vehicular traffic not fire crackers. Get a better writer to contribute to your story next time. India has more to worry about than catching a cold
Source: CTVNews - 🏆 1. / 99 Read more »
Canadian woman who spent two years in Syrian prison camps fights Ottawa to return home from IraqCanadian woman who spent two years in Syrian prison camps, now stranded in Iraq, says she fears for her safety, has no identity documents and little cash Let that ISIS bride rot over there. It was a free choice she made to leave Canada and renounce her citizenship and join ISIS. We are equally free to let her remain in the place she so vehemently wanted to go to. We don't want them.
Source: globeandmail - 🏆 5. / 92 Read more »
Keep photos of our kids out of media, George Clooney pleadsGeorge Clooney has appealed to news outlets to keep his children's faces out of the press, saying he fears that public photos would put their lives in jeopardy. Everyone focus on celebrity lifestyle and don't pay any attention to the real issues today Well you knew what you were getting into so, that's on you guys
Source: CTVNews - 🏆 1. / 99 Read more »
Mysterious 'jetpack man' in Los Angeles may have been Jack Skellington balloon, FBI saysAfter more than a year, the mystery in Los Angeles surrounding the ‘jetpack man’ is closer to becoming solved after a new piece of evidence released by the FBI suggests that it may have been a balloon all along.
Source: CTVNews - 🏆 1. / 99 Read more »
Three-month prep readies Toronto century home for marketCentury home in Toronto’s Lawrence Park North neighbourhood gets over $600,000 on asking price
Source: globeandmail - 🏆 5. / 92 Read more »