Here at Curiocity, good news is our bread and butter, but today’s buns are tasteless. This weekend dairy lovers, grocers, and restaurants received one bummer of a press release from the Canadian Dairy Commission (CDC) stating that within the next near, the price of milk could see an increase of 8.4 percent.
According to the CDC, this hike will make up for the astronomical cost of feed, fuel, and equipment that farmers have had to pay in order to raise and care for their livestock.
Of course, if you’re not a consumer or are just the glass half full type, this actually sounds pretty great; but those who frequent their local dairy aisle, are going to want to take note of this.
Just announced last night: Dairy farmers will get 8.4% more for their milk, more than 12% for butter starting February 1 2022. Milk, butter, yogurt prices will likely skyrocket in the new year. https://t.co/HEfkLKaClv pic.twitter.com/Bj7HX2WKIH
— The Food Professor (@FoodProfessor) October 30, 2021
Nothing is set in stone just yet, but if approved by provincial authorities in December, the cost of everything from ice cream and cheese to yogurt and custard could see the largest spike in modern history.
Even worse, the price of butter will see an increase from $8.7149 to $9.7923 per kg – an increase of 12.4% – which is insane. At least the hardness of Canadian butter isn’t making as many waves anymore…
Luckily, for most, dairy products will still be affordable – just more ‘luxurious.’
Still, stock up while you can folks, heck, for a lack of a better term, milk it, because times are a-changing.
If you’d like to read the entire report made by the Canadian Dairy Commission you can do so here.