The company "held prices lower when butter costs were elevated," he said. As butter prices have fallen, Costco's profit margin on that item has expanded, Millerchip said.

As global dairy prices have soared, so too has the retail price of butter. Stats NZ recorded the average price of a block of butter in March at $7.33, up 10 percent from its December level of $6.66.

As consumers, we feel that the price of butter is putting us under pressure because we are experiencing a cost-of-living crisis, and the price of butter has been rising for several months now.

PARIS, Oct 14 - Butter prices have rocketed in recent months, trading at record highs across Europe in bad news for bakers and pastry makers as they prepare for Christmas celebrations and already ...