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Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family.It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.
Murray Goulburn Co-operative Co. Limited (also known as Devondale Murray Goulburn) was a dairy-processing co-operative corporation.In 2018, following financial difficulties and difficulties with suppliers over sustainable prices, the business assets were sold to Saputo Inc, a publicly-listed Canadian dairy company and later the trading name of the business was changed to AG Warehouse.
The monthly average retail price for a litre of milk in Canada was $2.96 in October 2023, according to Statistics Canada. [123] In February and September 2022, the Canadian Dairy Commission (CDC) raised the farm gate price of milk. [124] The Commission announced an additional increase which would bring the total increase to 10 cents per litre ...
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These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
According to The New York Times, if the current Farm Bill expires and the pricing equation reverts to its 1949 standard, the government will pay considerably more for milk.
After a 8.4% milk price increase in 2022 – the largest since the CDC was created in 1967 – a C.D. Howe Institute commentary said not only are such large price rises undesirable for consumers, but they could be detrimental to the dairy industry if they lead to more illegal milk entering the market from the United States. [22]
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