Expana changed the Assessment Methodology for Dairy

Expana has increased the frequency for several of its dairy assessments to twice weekly (EMEA Tuesday; EMEA Thursday). This change takes effect on Thursday, October 2nd, 2025.

The initial proposal was announced in a market note published on Friday, July 11, 2025, which can be viewed here. The decision was communicated in a market announcement on Friday, August15, 2025, which can be viewed here.

The methodology change relates to the following assessments:

J116 – Butter unsalted exw EU EBP

J117 – Skimmed milk powder MH exw EU EBP

BL131 – Sweet whey powder exw W EU EBP

J119 – Cheese Cheddar mild exw EU EBP

J114 – Cheese Gouda exw EU EBP

ED27 – Cheese Mozzarella exw EU EBP

All other Expana dairy assessments remain unaffected.

Butter, skimmed milk powder (SMP), sweet whey powder, and cheese are central to the European Union’s dairy industry and play a critical role in the global dairy market. The EU is among the world’s leading producers and exporters of these commodities. For reference, the EU accounts for 17.5% of global Butter production, 47.5% of global cheese production and 30.3% of global SMP production.

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

This methodology change provides additional transparency into the dairy market and enables the industry to track price movements more closely.

Please send any questions or comments about this market note to clearly stating which market note to [email protected], your comments relate to, and if comments are intended for publication by Expana.

Expana will acknowledge receipt of all comments by email.