Mintec Clarifies Dairy Assessment Specifications

All Market Notes 08 December 2022

Mintec wants to clarify the specifications for several Dairy Mintec Benchmark Prices as follows. 

• The fresh milk assessment with the Mintec Code ED24 represents a minimum traded quantity of 25,000kg in a bulk tanker.

• The skimmed milk concentrate assessment with the Mintec Code SMCE represents a minimum traded quantity of 25,000 litres in a bulk tanker with a minimum dry matter content of 8.75mt.

• The skimmed milk power assessments with the Mintec Codes J117, JR62 & JR78 represent food grade, medium heat skimmed milk powder with a maximum fat content of 1.5%.

• The whey powder assessments with the Mintec Codes BL131, JR66, JR80, BL134, WCIEU, WCREU, WCIUS, WCRUS, WIEU & WIUS represent food grade products.

• The whey protein concentrate assessment with the Mintec Code DU14 represents a food grade whey protein concentrate with a protein content of 34-36%.

• The whole milk powder assessments with the Mintec Codes JR77, J118 & JR61 represent food grade products.

• The skimmed milk power assessment (Mintec Code: J117) represents a spray dried product.

• The fresh milk assessment (Mintec Code: JQ45) represents milk with a minimum fat percentage of 3.5%, and a protein content of 3.2-3.6%.

The exact specifications for these Mintec Benchmark Prices can be found in the Mintec Assessment Specification Guide which is available via this link.  

Please send any questions, comments, or feedback to methodology@mintecglobal.com and clearly indicate which market note your comments are referring to, and if comments are intended for publication by Mintec.  

Mintec will acknowledge receipt of all comments by email.