Price of dairy products expected to spike in 2022
There may be some bad news on the horizon for cheese lovers. The cost of dairy products could be going up early next year and the price hikes may not end there.
The Canadian Dairy Commission has recommended a significant increase in the price of farm gate milk starting on February 1 of next year.
This means the cost of milk used to make dairy products for the retail and restaurant sectors will increase by an average of 8.4 per cent.
“The cost of feed, for example, for the cows – which is a very big part of our cost – has risen by over 27 per cent in the last two years,” said David Wiens, chair of Dairy Farmers of Manitoba.
When it comes to how high of an increase individual products could see, Wiens said it may not be as much as you think.
“For a 450 gram package of cheese, the increase would be 26 cents. So that kind of puts it into context,” Weins said.
Dairy isn’t the only product seeing an uptick in cost.
Drought conditions across Canada, the U.S, and even Russia have impacted durum wheat crops, which could affect other food staples such as pasta.
At least one Winnipeg business is feeling the effects.
“We’re seeing increases right from the pasta suppliers of about 20 to 25 per cent just on the raw product,” said Marco de Luca of De Luca’s South Landing.
“We’ll hopefully be able to offset some of these increases, at least for a few months and throughout the holiday season,” De Luca said.
De Luca said he is already seeing cost increases from producers to suppliers and even packaging.
Bill Campbell, president of Keystone Agricultural Producers, said costs are rising across the board.
“I think that we also need to be aware of the increased costs with regards to processing and making it a final product for consumers to utilize, so there’s just added and increased costs all along the food chain,” he said.
“Everything has just created this perfect storm for price increases, so unfortunately, consumers are going to be paying more at the till in the near future.”
According to the Canadian Dairy Commission, the new prices will become official only after they are approved by provincial authorities, which is likely to happen in early December.
CTVNews.ca Top Stories
Poilievre writes to GG calling for House recall, confidence vote after Singh declares he's ready to bring Liberals down
Conservative Leader Pierre Poilievre has written to Gov. Gen. Mary Simon, imploring her to 'use your authority to inform the prime minister that he must' recall the House of Commons so a non-confidence vote can be held. This move comes in light of NDP Leader Jagmeet Singh publishing a letter stating his caucus 'will vote to bring this government down' sometime in 2025.
School custodian stages surprise for Kitchener, Ont. students ahead of holiday break
He’s no Elf on the Shelf, but maybe closer to Ward of the Board.
Kelly Clarkson's subtle yet satisfying message to anyone single this Christmas
The singer and daytime-talk show host released a fireside video to accompany her 2021 holiday album, “When Christmas Comes Around” that she dubbed, “When Christmas Comes Around…Again.
Judge sentences Quebecer convicted of triple murder who shows 'no remorse'
A Quebecer convicted in a triple murder on Montreal's South Shore has been sentenced to life in prison without chance of parole for 20 years in the second-degree death of Synthia Bussieres.
At least 2 dead, 60 hurt after car drives into German Christmas market in suspected attack
A car plowed into a busy outdoor Christmas market in the eastern German city of Magdeburg on Friday, killing at least two people and injuring at least 60 others in what authorities suspect was an attack.
16-year-old German exchange student dies after North Vancouver crash
A 16-year-old high school student from Germany who was hit by a Jeep in North Vancouver, B.C., last weekend has died in hospital, authorities confirmed.
Poilievre to Trump: 'Canada will never be the 51st state'
Conservative leader Pierre Poilievre is responding to U.S. president-elect Donald Trump’s ongoing suggestions that Canada become the 51st state, saying it will 'never happen.'
Canadiens executive says he has 'no concern' about members of the front office travelling to Russia
Montreal executive vice president of hockey operations Jeff Gorton said he has 'no concern' about members of the Canadiens' front office travelling to Russia with the country’s war in Ukraine ongoing.
Speeding drivers get holiday surprise from 'Officer Grinch'
Drivers in the Florida Keys who exceed the speed limit in school zones may run into a well-known gloomy green creature and get a surprising 'gift.'