Producer Price and Milk Cost of Production Order, amendment, M.R. 1/2023
« Producer Price and Milk Cost of Production Order, amendment », R.M. 1/2023
The Milk Prices Review Act, C.C.S.M. c. M130
NOTE: This regulation was enacted in English only.English only
Loi sur le contrôle du prix du lait, c. M130 de la C.P.L.M.
NOTE : Ce règlement a été adopté en anglais seulement.version anglais
Registered January 11, 2023
Manitoba Regulation 77/94 amended
1 The Producer Price and Milk Cost of Production Order, Manitoba Regulation 77/94, is amended by this order.
2 Subsection 4(1) is replaced with the following:
Price of fluid milk sold by producer or board
4(1) Pursuant to subsection 3(3) of the Act, and based on the cost of production formula established in section 2 and the pricing system established in section 3, the price at which milk may be sold by a producer or the board for use as fluid milk for 1 hectolitre of milk testing 3.6 kilograms of butterfat is $117.89 calculated according to the following component prices:
|Butterfat||3.6 kilograms/hl @ $9.6389/kilogram||= $ 34.70004|
|Skim Value||= $ 83.19|
3 Clause 8(a) is amended by striking out "$110.08" and substituting "$112.00".
4 The Schedule is replaced with the Schedule to this order.
Coming into force
5 This order comes into force on February 1, 2023.
January 9, 2023Manitoba Farm Products Marketing Council:
Ed Helwer, Chair
Amber Aligawesa, Secretary
COST OF PRODUCTION FORMULA
Pursuant to subsection 3(2) of the Act, the Manitoba Farm Products Marketing Council hereby establishes the following as the formula by which the price of milk sold by a producer or the producer board for use as fluid milk is determined:
Cost of production = A + (A × B)
In this formula,
Ais the Manitoba fluid milk price as of February 1, 2023;
Bis the amount of the price adjustment adopted by the Canadian Dairy Commission as a result of the Commission's cost of production survey.
FLUID MILK PRICE
|Calculation of Manitoba Fluid Milk Price||3.6 kg/hl||End Use Test
|February 1, 2023 Manitoba fluid milk price||$115.88/hl||$102.00/hl|
|Price change butterfat (3.6 kg × $0.2401)||0.86/hl|
|Price change butterfat (2.1235 kg × $0.2401)||0.51/hl|
|Price change skim milk||1.15/hl||1.15/hl|
|Manitoba fluid milk price as of February 1, 2023||$117.89/hl||$ 103.66/hl|