Canadian Dairy Commission: Prices to jump between 1% & 3% in 2023

The Canadian Dairy Commission (CDC) informed stakeholders last week, including RCC, that it has calculated the results of the cost of production survey related to milk pricing.

The CDC expects that the National Pricing Formula result will be an increase between 1 and 3% on February 1, 2023. As indicated last June, the price increase of September 1, 2022, will be considered as an advance to any price increase that would apply on February 1, 2023. Final data will be available on October 7, 2022.