Expana to launch additional European dairy product Expana Benchmark Prices

Following a period of market feedback, Expana has decided to launch 5 monthly Expana Benchmark Prices (EBP) for European dairy products. The publication of the new assessments will start on Thursday, 31st October 2024.

The specifications for the assessments will be as below:

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

The European Union is the largest producer of dairy products globally and a key exporter. The assessments will complement Expana’s existing dairy coverage in the region providing Expana subscribers with additional granularity for key dairy products from major producing countries.

Skimmed milk powder is used as an alternative to fresh milk. It can be used after dissolution in water or by adding the powder into a formulation. It is used to standardize dry matter or to optimize protein content. It is a key export product and is often used for products including baby food, confectionery, yogurt and ice cream.

Sweet whey powder is obtained by drying pasteurized sweet whey which is a by-product during the manufacturing process of cheeses. It is used in many different foods (bakery, snack, confectionery).

Whey permeate is obtained by the removal of protein and other solids from milk or whey, resulting in a product with a high concentration of lactose. Whey permeate is used in baked goods, meats, soups, confectionery and dry mixes for various functional and nutritional benefits.

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