Mintec proposes to launch additional European Dairy Mintec Benchmark Prices

All Market Notes 31 August 2023

Mintec is proposing to launch 2 new monthly Mintec Benchmark Prices (MBP) for European dairy products and is collecting feedback from market participants in the dairy markets until Thursday, 14th September 2023.
If the industry supports this proposal, Mintec suggests launching the monthly assessments on Friday, 29th September.

The proposed specifications for these assessments would be as below:

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

Milk powders are used as an alternative to fresh milk. They can be used after dissolution in water or by directly adding the powder into a formulation. It is used to standardize dry matter or to optimize protein content. Milk powders are widely traded export products which are used in a variety of food and nutrition products. 
Europe is a major producer and exporter of milk powders, and the proposed assessments would provide Mintec subscribers with increased granularity and insight into these key markets.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Thursday, 14th September 2023 and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email.