Adjustment to the Support Price for Butter on September 1, 2018
OTTAWA, July 20, 2018
The butter support price will increase as of September 1, 2018. It will be raised from $8.0062 per kg to $8.3901 per kg.
The cost of production of milk rose by 5.1% in Canada in the last year. This increase in costs is mostly due to higher prices for fuel and feed. Higher interest rates also increased the cost of production.
2017 National milk production target for Canada
Monthly total quota in 2017 | ||
---|---|---|
Month/Year | kg BF | % Change from same month 1 year ago |
December 2017 | 32,462,282 | 4.67 |
November 2017 | 30,845,513 | 5.52 |
October 2017 | 31,359,651 | 3.87 |
September 2017 | 30,186,620 | 4.70 |
August 2017 | 31,316,787 | 6.86 | <