GFM Network News


Restaurants call foul as dairy farmers get a second pay hike this year

World dairy prices are crashing but Alberta Milk chair says the 
latest increase is modest and won’t hurt restaurant chains

Even though world dairy prices are at historic lows, Canadian dairy farmers will be getting a boost of 2.76 per cent for industrial milk — used to make butter, ice cream, yogurt, and cheese — starting Sept. 1. It comes on the heels of a 2.2 per cent price hike in February. “The industrial price […] Read more

International dairy prices, volumes fall at auction

Wellington | Reuters –– International dairy prices fell overnight at the fortnightly GlobalDairyTrade auction, despite market expectations that prices might rise. Fonterra’s GlobalDairyTrade Price Index dipped 2.9 per cent, with an average selling price of $2,190 per tonne, in the auction held on Tuesday (all figures US$). A total of 20,406 tonnes was sold at […] Read more