5 Dec 2011

Dairy prices expected to rise

People contributing to their food storage pantries may increase in the coming months if the predictions of the Canadian Dairy Commission bear out.

According to the CDC, as of February 1, the price of milk used for dairy products like yogurt and cheese will rise by 1.5 percent. This may pose a problem for consumers and restaurateurs whose expenses may already be tight.

Garth Whyte, president and CEO of the Canadian Restaurant and Foodservices Association, said the cost of food such as milk has been a severe impingement on the average Canadian consumer and businessowner.

"In these economic times, Canadians are increasingly looking for value-priced menu options," said Whyte. "If we want to grow the dairy market in this country, we need more reasonable prices."

In a separate survey conducted by the CRFA, restaurateurs and consumers have already taken a hit as a result of rising food costs, spending approximately $2.4 billion per year.

The rise in prices may trigger some to purchase dairy products that are suitable for storage, such as evaporated milk. While personal food storage pantries are highly advisable, Jiffy Self-Storage does not recommend renters use units for them due to spoilage. 

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