Price Adjustment - Milk

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Item Information

Revision History

Date Status ID Title
2019-05-30 Active M3601C Price Adjustment - Milk (2019-05-30) M3601C

Remarks – Recommended Use of SACC Item

Use the following clause in standing offers for the purchase of milk or cream when prices are subject to adjustment to reflect the actual minimum wholesale prices for milk established by the provincial milk marketing board.

Legal text for SACC item

The prices detailed in the Standing Offer are subject to upward or downward adjustment to reflect the actual minimum wholesale prices for milk established by the provincial milk marketing board. A copy of the Offeror's notification of price increase or decrease from the provincial milk marketing board must be provided to the Standing Offer Authority.

At the Offeror’s request, the Standing Offer will be revised to reflect the actual price of the increase or decrease, and will be evidenced, for administrative purposes only, through a revision to the standing offer completed by the Standing Offer Authority. The Offeror must not invoice at prices other than those specified in the Standing Offer.