Dairy Risk Management – Agenda

• The dairy market in 2025–26: structural volatility, demand shifts, input pressures. 

• How margins get squeezed along the chain 

• Why traditional risk management through physical inventory (fixed-price contracts, forward agreements) is no longer enough. 

• How other sectors such as oil and grains, evolved, and why dairy is now at the same inflection point. 

Interactive discussion with a trader. 

• What index-linking is and is not 

• Why dairy producers/processors use it: 

• Case study: how index-linking would have reduced margin volatility in 2024–25. 

• How to choose the right index 

• Operational readiness: What procurement, sales, or finance teams must prepare. 

• Why index-linking is not enough 

• What OTC dairy derivatives are in simple language 

• Reviewing the Expana benchmarks that will be offered as OTCs 

• Case study: If a processor had hedged 2023 or 2024, what would margin outcomes have been? 

• Risk governance and implementation guidelines 

• An open conversation with all participants to answer questions including: 

• Which dairy product exposures matter most today? 

• Are current index granularity levels sufficient? 

• Where are price series missing or not fit for purpose? 

• What contract tenors (length) matter to you?