Mintec launches additional monthly dairy Mintec Benchmark Prices

All Market Notes 31 May 2023

Mintec has launched three monthly dairy Mintec Benchmark Prices (MBP) for the Turkish and EU markets, effective Wednesday, May 31st, 2023.

The initial proposal was announced in market notes published on 6th April 2023, which can be viewed here for the Turkish assessments and here for the EU assessments. The decision to go ahead with the launch was communicated in market notes on April 13th, 2023, which can be viewed here for the Turkish assessments and here for the EU assessments.

The specifications for the assessments are as below:

The assessments reflect the transactable value at 16:00:00 London time.

Turkey is a major dairy producer and key exporter into price-sensitive markets. The launch of the new assessments provides greater clarity into price movements within the Turkish dairy markets. Additionally, these assessments allow for Mintec customers to better understand global dairy market dynamics by benchmarking Turkish prices for two key export products against the other major exporting countries.

Milk protein concentrate (MPC) is a key protein source for food supplements like ice cream, bakery, desserts, cheese production etc. The EU MPC assessment provides transparency in a market which is currently very opaque and lacks independent and impartial price benchmarks.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, and clearly state which market note your comments relate to, and if the comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email.