Milk prices in Canada could be going up for the second time in a year following a rare request by Dairy Farmers of Canada for a mid-year price hike due to inflation.
Canadian dairy farmers are grappling with never-before-seen price increases on goods and services they need to produce milk, the industry lobby group said in a statement Thursday.
Yet industry observers say people can’t afford another price hike.
They warn that dairy processors will likely tack on extra increases if the request is approved, pushing retail costs to untenable levels and increasing food insecurity in the country.
“The companies piggyback on top of those increases so it becomes a double hit,” Gary Sands, senior vice-president of public policy with the Canadian Federation of Independent Grocers, said Saturday….