Global dairy giant Saputo Inc. is confident demand for its products will remain strong in Canada despite efforts to increase farm gate milk prices for the second time this year.
“Dairy continues to be, on a pound for pound basis of protein, still a value for the consumer,” Carl Colizza, Saputo president and chief operating officer of North America, said Thursday during a conference call to discuss the company’s latest results.
“We do feel strongly that despite the pricing pressures and the general economy, dairy will continue to fare well.”
The Canadian Dairy Commission said last week it received a request for a mid-year milk price hike from Dairy Farmers of Canada. The federal body, which oversees Canada’s dairy industry and supply management system, said it will hold consultations on the request next week….