Mintec to launch seven new European & US dairy Mintec Benchmark Prices

All Market Notes 17 December 2021

Following a period of positive market feedback, Mintec has decided to launch seven new weekly Mintec Benchmark Prices assessments for the European and US dairy markets. These assessments will begin publication effective Thursday 6 January 2022.

The proposal was initially announced in a market note published on 29 November which can be found here.

The assessments, including their specifications, are:

The assessments will reflect the transactable value at 16:00 UK time for the prices of the above-mentioned products.

The assessments will provide additional pricing information and transparency for the dairy industry. Over the last few years, 80% Whey Protein Concentrate (WPC80) has become one of the most important dairy commodities as demand for high protein dairy products has increased. WPC80 is universally used for sport nutrition and dietary products. A similar increase in interest has been seen in the 90% Whey Protein Isolate (WPI90) market. WPI90 is used in many food applications, such as dry mix beverages, sport nutrition, and cultured dairy products as well as whipped toppings.

Anhydrous milk fat (AMF) is an important raw material to produce bread, cakes, chocolate, and pralines but is also used in ready meals and ice cream.

Publishing US and European Mintec Benchmark Prices for AMF, WPI and WPC will give the industry further transparency and risk management tools. Please send any feedback on this decision to methodology@mintecglobal.com 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.