P5 Message - Quota Decrease
Based on the analysis of anticipated reduction in market requirements for the balance of 2021 and the beginning of 2022, the P5 Boards have agreed to decrease the saleable quota allocated to P5 producers by 1%, on December 1, 2021. The result of the lockdown restrictions partially lifted, and the additional imports continue to have a downward effect on expected growth. The quota adjustment aims for a better balance between supply and demand for the coming months. Note, the over quota penalty of $20/hl remains in effect. The P5 provincial boards’ primary objective is to continuously monitor the milk market situation and meet demand in the most optimal way. Given these uncertain times we will continue to adapt production signals to address market changes, as required.