Adjustment to the Support Price for Butter on May 1, 2024

OTTAWA, November 1st, 2023

The Canadian Dairy Commission (CDC) announced today an increase to the support price for butter that will be effective May 1, 2024. The support price for butter will increase from $10.2180 per kg to $10.3505 per kg. 

The support price for butter is used by the CDC when buying and selling butter under its Domestic Seasonality Programs. Under these programs, the CDC balances seasonal changes in supply and demand on the domestic market by buying butter from manufacturers and storing it when milk production is high and demand for dairy products low – usually in the spring and selling this butter back to manufacturers when the situation reverses itself, usually in the fall. These transactions occur at the support price. This support price contains three elements: the processors’ make allowance the carrying charges and the price of milk components.

The processor’s make allowance for butter will increase by 1.75% beyond the price of milk paid to dairy farmers.

The carrying charges remain unchanged.


For more information, please contact:
Philippe Charlebois
Executive Director, Corporate Services
Tel.: 613-220-5238