Many dairy products have been priced out of the market

Jan 04, 2023

The Canadian Dairy Commission has just released its recommendations for 2023. Unlike last year’s shocking 8.4 per cent, which was almost double the previous record, the increase won’t be as dramatic.

As of February 1, 2023, most farmers in Canada will get about 2.2 per cent more for their milk. Provincial boards have the final say, but it looks like, next year, the dairy section won’t see the price increases we have all seen in 2022.

According to Statistics Canada, food prices overall are up 10.3 per cent over last year, and dairy products are now 9.7 per cent more expensive compared to last year. The attention grabber in the dairy section was butter. In many parts of the country, butter is 20 per cent more expensive than last year. Many people have just given up on the product and are now opting for non-dairy alternatives.

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Video: CEOs of the Industry, A Conversation with Daniel Rivest, President & CEO, Olymel

Swine Web’s CEOs of the Industry series welcomes Daniel Rivest, President & CEO of Olymel, for a wide-ranging conversation about leadership, the future of Canadian pork, and the opportunities ahead for one of North America’s largest pork and poultry processors.

Rivest discusses his journey to the CEO role, his leadership philosophy, and his early priorities at Olymel. The conversation explores the company’s strategic direction, its relationships with producers, and how Olymel is positioning itself for long-term growth and competitiveness.

The discussion also tackles some of the biggest issues facing Canadian pork production today, including labor availability, global competition, animal health, trade and export markets, automation, and the growing potential of artificial intelligence throughout the food production system.

Topics include:

• Daniel Rivest’s path to becoming President & CEO of Olymel

• Olymel’s current position and strategic direction

• The outlook for Canadian pork production

• Building stronger relationships with producers

• Global trade and key export markets

• Automation, innovation and artificial intelligence

• Leadership lessons and opportunities for the next generation

The conversation concludes with a Fast Five, giving viewers a more personal look at Rivest’s leadership approach and his vision for Olymel’s future.