Due to the current balance between milk supply and processor demand, the BC Milk Marketing Board, along with the other Western Milk Pool (WMP) provinces, will continue with no credit use restrictions for the month of October 2022. Going forward the absence of any credit restrictions will remain until notice indicates otherwise.
Processor orders have continued to be stable and strong and skimming volumes are at a manageable level. At this time milk supply and demand are well balanced and as such credit restrictions will continue to be lifted for October 2022. WMP Technical staff are currently projecting the next 6 months processing versus production forecast to determine if alternate measures need to be taken. The Christmas and New Year’s period, along with the spring, is always a challenging time to place all the milk as milk production typically increases and processor orders decrease.
The WMP will continue to closely monitor the milk supply and demand situation month to month and will respond as required based on the market signals.