answersLogoWhite

0

Following some of the lowest milk prices in 20 years, a nationwide increase in the wholesale or "farm" milk price took effect on May 1, 2001. The adjustment of 6 cents per gallon raised California's farm milk price to $1.38, up 6 cents from March, but down 4 cents from January of that year. The higher price mirrored similar increases that took effect nationwide. A decline in milk production across the nation, bad weather in the East, and the reduced supply of dairy products in Europe due to foot and mouth disease all influenced the increase. Milk prices fell to record lows in 2000 as production increased by over 6 percent in California. Demand for dairy products stayed strong while milk production declined in response to the low prices during 2000.

User Avatar

Wiki User

13y ago

What else can I help you with?