Milk Prices Rising in New Brunswick
FREDERICTON (GNB) – The New Brunswick Farm Products Commission has announced that the price consumers pay for milk will increase by four cents per litre as of Feb. 1.
The commission determined that a price adjustment was necessary based on several factors, notably the increased cost of production on farms as well as wage increases, packaging and the exchange rate on the U.S. dollar affecting the processing sector.
Pricing under the School Milk Program will remain unchanged for the current school year. The program has provided significant savings to school children in New Brunswick since 1995. Dairy producers and processors subsidize the program by about $1 million per year.
“New Brunswick dairy producers and processors supply about 1.2 million litres of milk to kindergarten to Grade 12 students each year,” said commission chair Bob Shannon. “I thank the dairy producers and processors for their continued financial support of the New Brunswick School Milk Program. These subsidies ensure children have access to nutritious, high-quality milk, which is essential to their development.”
The commission represents producers, processors and consumers and is responsible for setting the price of fluid milk products in New Brunswick.