Saputo has announced an opening milk price of $6.40 per kgMS for the southern milking region.
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Saputo announced the closure Thursday, to take effect a year from now, with the loss of about 70 jobs. - Ryan Remiorz , THE CANADIAN PRESS file photo

Saputo has committed to to no price step-downs in any circumstances during the year.

“Determining the outlook for milk prices for the 2020/21 milk year has been particularly challenging,” a statement said.

“Heightened uncertainty and rapidly-changing conditions arising from COVID–19 will continue to impact world economies and the dairy market for the coming milk year.

“Despite this, SDA’s objectives remain the same. We are well placed, with our diverse product mix and markets, to adjust to evolving market conditions and continue maximising the value of every litre of milk.”

The giant Holstein cow with spots arranged as a map of the world is designed to celebrate the farmer-owned cooperative’s diversity, equity, and inclusion efforts.

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