The House of Commons reconvenes today to debate legislation to permanently increase the Canadian Dairy Commission's (CDC) borrowing limit to half a billion dollars. The remaining $250 million of its current borrowing limit has been available for bulk purchases of surplus butter stocks. Pandemic caused collapse in demandThe amount of butter the CDC purchases has increased over the last five years. With restaurants and other institutional food services closed, the Canadian dairy industry has been reeling from the collapse in demand for certain dairy products this spring. The Canadian Dairy Commission plans to sign contracts with cheesemakers to turn milk left surplus by the pandemic into cheese.

Source: CBC News May 13, 2020 07:52 UTC