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Cost of milk rises, though consumers won't see it immediately

03.07.2008 18:03 Shopping - Source: cbc.ca

Gasoline isn't the only liquid people are paying more for in Newfoundland and Labrador.

Milk, whose price is regulated by a provincially appointed agency, rose eight cents a litre in the province on July 1.

It may take a few days to notice the price increase on store shelves, however, as the milk that was farmed and stocked before July 1, is not sold at the new price.

Once milk farmed from July 1 onward hits the shelves, consumers will notice the new price, a spokesman for the Dairy Farmers of Newfoundland and Labrador, told CBC News

There were reports in the St. John's area this week of pricing wars among retailers, as corner stores tried to undersell each other. There were even reports of retailers selling milk at a loss to keep customers.

Six of the eight-cent increase will go to dairy farmers, while the other two cents will go to the dairy companies.

The dairy farmers spokesman said the increase was approved because of rising fuel costs.

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