MILK PRICES TO GO DOWN; AGENCY CUTS 50 CENTS OFF COST PER GALLON.
Byline: Chris Sieroty Staff Writer
Consumers should see some good news in the dairy aisle of their grocery store Monday: lower prices.
In fact, the price of milk is expected to drop one dollar or more per gallon, the first significant drop for the vitamin-filled staple in years. ``We are in the process of dropping milk prices,'' said Kevin Herglotz, a spokesman with the Vons grocery chain.
The price drop follows some bureaucratic bu·reau·crat
1. An official of a bureaucracy.
2. An official who is rigidly devoted to the details of administrative procedure.
bu wrangling in Sacramento that, in the end, means good news for consumers and thinner profits for the state's farmers.
On Wednesday, the state Department of Food and Agriculture slashed the amount paid to dairy farmers Dairy Farmers is one of Australia's largest and oldest dairy manufacturers, established in 1900, supplying products to local and international markets such as eastern Europe, the Middle East and Asia. for milk by about 50 cents a gallon, to $1.19.
The agency will cut the price of milk by 15 cents again next month, which could push prices lower than they've been in two decades. CDFA CDFA California Department of Food and Agriculture
CDFA Council of Development Finance Agencies
CDFA Certified Divorce Financial Analyst
CDFA Community Development Finance Association
CDFA Community Development Finance Authority spokeswoman Myrlys L. Williams said because supplies are plentiful, the wholesale price will go down to $1.04 beginning Jan. 1.
Each month, the California farm milk price is adjusted based on prices of dairy commodities traded on the Chicago Mercantile Exchange Chicago Mercantile Exchange (CME)
Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. , Williams said.
Those price decreases should start showing up in grocery stores beginning next week, with the average price for a gallon of milk at Vons stores in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. down to about $2.35 a gallon, said Herglotz. Currently, the average price is around $3.39 a gallon.
``Typically, price increases or decreases in our retail prices reflect the wholesale price,'' said Judy Decker, a spokeswoman for Albertson's stores, which recently merged with Lucky Stores Lucky Stores is an American grocery chain founded in Alameda County, California in 1935. Lucky is currently operated by Supervalu in Southern California and Nevada and by Save Mart in Northern California. Inc. ``Our objective is to remain competitive.''
Customers should see price reductions even at upscale and specialty markets. ``Our grocery buyer is aware of the price decrease, and Whole Foods will respond with lower prices for our consumers,'' said spokeswoman Elizabeth Carouillano.
The price for a gallon of milk at Whole Foods Market in Woodland Hills ranged from $2.99 for Dairy Mart milk, to $3.69 for Alta Dena Alta Dena, founded in 1945, is a dairy located in the City of Industry, California. History
Alta Dena Dairy was founded in 1945 by the Stueve family. It earned the "Certified Dairy" status in 1953 from the American Association of Milk Commissions. and $4.99 for a gallon of Horizon organic milk.
Down the street at a Ralphs grocery store, the average price for a gallon of milk was $4.29, while a two-pack sold for $6.99.
Meanwhile, as supermarkets adjust their milk prices, state officials say the main reason for the price decrease is due to an increase in milk production across the country, particularly in the Western states.
The new price changes represent the latest in a series of dramatic ups and downs ups and downs
Alternating periods of good and bad fortune or spirits.
ups and downs
alternating periods of good and bad luck or high and low spirits over the past 18 months. A number of factors, including shortages and high demand, drove the price the state paid to dairy farmers from $1.18 in June of last year to around $1.70 in December.
As supplies improved by April, the farm price in California was reduced to $1.20 a gallon, before rising again to $1.69 in October.
Under California law California Law consists of 29 codes, covering various subject areas, the State Constitution and Statutes. See also
The regulation of milk in California began in 1935, when the Legislature passed the first law designed to correct some of the market failures and disorderly practices.