Support Prices

The Canadian Dairy Commission (CDC) annually reviews and establishes support prices for butter. Support prices are the prices at which the CDC purchases and sells butter within the framework of its various programs. The CDC ceased purchasing skim milk powder in 2017.

Each year, the CDC, in collaboration with the provinces, undertakes a national study of the cost of producing milk at the farm (COP study). In the fall, the CDC also holds consultations on milk prices with dairy producers, processors, further processors, restaurateurs and consumers. The CDC Commissioners then make a decision on the support prices which is usually announced by mid-December and becomes effective on February 1st of the following year.

The CDC Commissioners base support prices on the following elements: results of the cost of production study, arguments presented by various stakeholders, an evaluation of the processors' margin, economic indicators such as the consumer price index as well as their own experience and knowledge of the industry.

As of May 1st, 2024, the processor margin for the butter support price is set at $0.9265/kg of butter.

Support Prices

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Butter ($/kg)

2024 (May) 10.3505
2023 (Feb.) 10.2180
2022 (Sept.) 10.0206
2022 (Feb.) 9.7923
2021 8.7149
2020 8.6034
2019 8.3901
2018 (Sept.) 8.3901
2016 (Sept.) 8.0062
2016 (Feb.) 7.7815
2015 7.4046
2014 7.4046
2013 7.3379
2012 7.2810
2011 7.1922
2010 7.1024