Expana to launch two Milk Concentrate and two Whey Permeate EBPs

Following a period of market feedback, Expana has decided to launch 4 weekly Expana Benchmark Prices (EBP) for the US dairy market on Thursday, April 3, 2025.

The initial proposal was announced in a market note published on Tuesday, February 25, 2025, which can be viewed here.

The specifications for the assessment will be as below:

Assessment Name	Code	Quality	Incoterm	Quantity	Currency	Unit	Publication Schedule
Milk Protein Concentrate 85% (MPC 85) EXW US	MPC85	Milk protein concentrate; Protein min. 85%, Fat max 2.50%, Moisture max 6.0%; Produced by ultrafiltration and diafiltration; Expana Benchmark Price (EBP)	EXW United States	Min. 22mt; Packed in 25kg bags	$	lb	Americas, Weekly, Thursday
Milk Protein Concentrate 70% (MPC70) EXW US	MPC70	Milk protein concentrate; Protein min. 69.5%, Fat max 2.50%, Moisture max 6.0%; Produced by ultrafiltration and diafiltration; Expana Benchmark Prices (EBP)	EXW United States	Min. 22mt; Packed in 25kg bags	$	lb	Americas, Weekly, Thursday
Whey Permeate Food EXW US	WPFUS	Whey Permeate; Food grade, Protein 3.50%, Moisture 4.50%, Fat Max 1.0, 80% lactose content; Expana Benchmarket Prices (EBP)	EXW United States	Min. 22mt; Packed in 25kg bags	$	lb	Americas, Weekly, Thursday
Whey Permeate Feed EXW US	WPFU1	Whey permeate; Feed grade or undergrade food product; Expana Benchmark Prices (EBP)	EXW United States	Min. 22mt; Packed in 25kg bags	$	lb	Americas, Weekly, Thursday

The assessment will reflect the transactable value at 16:00:00 US Eastern Time.

The United States is a key producer and exporter of dairy products globally, producing 15% of the world’s total dairy. The added EBPs complement Expana’s existing dairy coverage in North America.

The milk protein concentrate industry is estimated at $4 billion globally, with the United States being a top producer and consumer of the commodity. Consumer interest continues to rise around MPCs with focus shifting to high-protein value foods. MPCs provide high-value protein with less lactose than many alternative dairy options, making it a versatile product that can be used to enhance nutrition in products like sports shakes and nutrition bars. MPCs can also be used to stabilize processed cheeses.

Whey permeate is a byproduct of cheese production and a coproduct of high protein whey powders such as whey concentrate and whey protein isolate, with an estimated market value of $839 million in 2024 and estimated growth of 4.0% y-o-y. Containing a high level of mineral content, permeate is primarily used in confectionery and dry dairy blends. Feed-grade whey permeate is produced by ultrafiltration and the removal of proteins and is used domestically and internationally in various feed rations.

 

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