Milk prices set to rise another 2.5% as dairy farmers get OK for cost hike

The Canadian Dairy Commission has approved a rare second milk price increase this year.

The Crown corporation, which oversees Canada’s dairy supply management system, said Tuesday farm gate milk prices will go up about two cents per litre, or 2.5 per cent, on Sept. 1.

The increase comes after milk prices rose six cents per litre, or roughly 8.4 per cent, on Feb. 1.

The commission said when it reviews prices again this fall, the mid-year price increase approved for Sept. 1 will be deducted from any adjustment for next February. Prices are usually reviewed once a year.

The decision follows a request by