Mintec to launch new European dairy Mintec Benchmark Prices for Skimmed Milk Concentrate

All Market Notes 9 May 2022

After a period of market consultation and industry feedback that started on 13 April, Mintec has decided to launch new weekly Mintec Benchmark Prices assessments for European Skimmed Milk Concentrate.

Mintec will launch the assessment on Thursday 26 May 2022.

The proposed assessment, including the specification, is:

The assessment will reflect the transactable value at 15:59:59 UK time for the prices of the above-mentioned product.

The Skimmed Milk Concentrate market is vital to the dairy industry as it is a leading indicator for Skimmed Milk Powder. There are currently very few reference prices for this product, therefore the launching of an MBP to cover this underserved market would lend additional price transparency to market participants who trade not only in SMC but also SMP (Skimmed Milk Powder). Prices and availability of SMC also act as an indicator to give clarity on how much SMP and butter are being produced at any given time when market conditions favour the production of those products over cheese and whey.

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

The proposal for this assessment launch can be accessed here.

Mintec will acknowledge receipt of all comments by email.