Expana proposes to change assessment methodology for dairy

Expana is proposing to increase the assessment frequency from once a week (EMEA, Thursday) to twice weekly (EMEA, Tuesday; EMEA Thursday) and is collecting feedback from market participants on this proposal until Friday, August 15th, 2025.

Expana is proposing this methodology change as it would provide additional transparency into the dairy market and enable the industry to track price movements even closer.

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 account for 17.5% of global Butter production, 47.5% of global cheese production and 30.3% of global SMP production.

Expana proposes to change the assessment frequency the below assessments. For clarity, all other dairy assessments would remain unaffected.

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

If the industry supports this proposal, Expana suggests the change to the methodology to come into effect on Thursday, October 2nd, 2025.

If you have any feedback or suggestions on this proposal, please send this to [email protected] by Friday, August 15th, 2025, and clearly state which market note your comments relate to, and if comments are intended for publication by Expana. Expana will acknowledge receipt of all comments by email.