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.