The National Pricing Formula and the February 1, 2023, farmgate price of milk adjustment

October 14, 2022

The CDC did not received any requests from stakeholders following the Canadian Dairy Commission’s (CDC) memorandum on pricing from October 6, 2022, which gave stakeholders until October 14 to notify the CDC whether they wished to suspend the National Pricing Formula (NPF) by triggering the Exceptional Circumstances (EC) process.  As a result, the routine pricing process will move forward.

Results of cost of production, National Pricing Formula, and exceptional circumstances

October 6, 2022

Below are the results for the indexed cost of production, annual change in the consumer price index, and National Pricing Formula. The criteria to initiate the exceptional circumstance mechanism are also evaluated.

The CDC has calculated the 2021 cost of production indexed to the three-month period ending August 2022. The indexed cost of production is $94.44/standard hl

Process for the Annual Cost of Production Survey and Pricing Milk at the Farm Level

This page presents yearly overviews of the Annual Cost of Production (COP) survey conducted by the Canadian Dairy Commission (CDC), outlining how the survey is conducted, and how the annual COP results impact the annual price adjustments announced by the CDC.

Q & A Regarding the September 1, 2022 price increase

Q&A Regarding the September 1, 2022 price increase

Q: How many price adjustments to the farmgate price of milk happened in 2022?

By the end of 2022, there will have been two adjustments to milk component prices.

1. The first was announced on October 29, 2021 and was implemented on February 1, 2022. This adjustment stemmed from regularly timed annual pricing consultations carried out in fall 2021.