Mintec launches additional weekly dairy Mintec Benchmark Prices

All Market Notes 11 May 2023

Mintec has launched three weekly dairy Mintec Benchmark Prices (MBP) for the EU markets, effective Thursday 11th May 2023.
The initial proposal was announced in a market note published on 6th April 2023, which can be viewed here. The decision to go ahead with the launch was communicated in a market note on April 13th, 2023, and can be found here. 

The specifications for these assessments are as below:

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

The EU is one of the largest players in the global dairy industry and a key exporter. The launch of the new assessments give users greater clarity in understanding price movements and allows for product comparisons at a regional level.

The skimmed milk concentrate (SMC) assessments complements Mintec’s existing EU SMC assessment and allows for more granular comparisons between two major producing countries. Additionally, the price and availability of SMC act as indicators on how much skimmed milk powder (SMP) and butter are being produced. This allows for Mintec customers to gain additional insight on when market conditions favour the production of those products over cheese and whey.

The cream assessment compliments Mintec’s existing offering within the dairy markets and allows Mintec customers to compare prices in major producing origins. Furthermore, the assessment provides an additional view into butter and chocolate production costs, as cream is a major input for these products.

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.