2023-11-05 16:53:03
Consumers should expect a respite from the price of milk, the increase of which will be postponed for a few weeks in 2024.
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While it was to take place on February 1, 2024, the increase in the price of milk will be postponed until May 1, 2024.
The increase, which will be 1.77%, was proposed by the Canadian Dairy Commission.
TVA News
It was the dairy producers who requested a postponement of the increase to give consumers a break.
This change comes following several successive increases in the price of milk, said a specialist in the food industry.
“We were talking regarding increases of 8.4% and 2.5%. With the accumulation of increases, I think consumers needed a break, plus we delayed the increase by three months […] it’s still quite reasonable,” says Sylvain Charlebois, working at Dalhousie University.
“The increases are quite modest at the retail level.”
TVA News
The expert emphasizes that dairy products, since February 2022, have experienced price increases of less than 10%.
He adds that Quebec is the only jurisdiction in the country that regulates the retail price of milk “with a ceiling price and a floor price.”
These amounts will be known in the coming months.
*Watch the full interview in the video above*
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