Summary: Vesper has launched Cost Models, a powerful new feature that transforms individual commodity benchmarks into complete product cost insights. This capability allows food manufacturers to combine weighted commodity benchmarks with standardized non-ingredient costs to build accurate product pricing models, delivering unprecedented visibility into true product economics.

What's New:

• Build complete product cost models by combining multiple commodity benchmarks with precise weightings

• Access industry-standard non-ingredient costs (labor, manufacturing, overhead) specific to your region

• Choose from our template library for common food products or create custom models

• Track how each component contributes to your total product cost with automatic updates whenever source prices change

Why It Matters: With record-high volatility across food commodities, understanding how ingredient changes impact finished products is critical for maintaining margins. Cost Models provide complete cost structure visibility for your entire organization: procurement teams can verify supplier price increases, finance can track margin impacts across product portfolios, and sales teams can justify price adjustments to customers with independently verified data. Non-ingredient costs can represent up to 47% of total product costs—a critical component that's now visible alongside your commodity benchmarks.

How to Use It:

1. Access Cost Models through the main dashboard menu

2. Choose between starting with a template or building a model from scratch

3. Select ingredients from your available commodities and assign precise weightings

4. Add country-specific non-ingredient costs by selecting your industry and location

5. Save your model to track cost evolution over time as prices update automatically

Related Features: Cost Models integrates seamlessly with Vesper's existing capabilities:

• Individual commodity price benchmarks (VPI, Partner prices, and Public benchmarks found in prices widgets)

• Incorporate into your own custom dashboards

• Coming in Q3 2025: Forecasting capabilities for your cost models

Summary: Vesper has expanded its news coverage with two dedicated categories: Vegetables & Pulses and Fruits. These new sections deliver focused, timely information on fresh produce markets, including harvest conditions, logistics updates, weather disruptions, pricing trends, and market developments.

What's New:

• Dedicated news category for Vegetables & Pulses

• Dedicated news category for Fruits

• Comprehensive coverage of global fresh produce markets

• Integration with existing news filtering and alert capabilities

Why It Matters: Fresh produce represents critical input markets for many of our core users. These new categories significantly deepen our current coverage, which has primarily focused on price benchmarks until now. By adding dedicated news streams, users gain deeper insights and earlier warning signals about market developments before they impact prices. This expanded coverage provides essential visibility into volatile produce markets, helping users anticipate supply disruptions, track pricing pressures, and identify emerging trends. This expansion responds directly to user feedback requesting more comprehensive coverage across the complete ingredient spectrum.

How to Use It:

1. Find the new categories in the News section of the platform

2. Set up custom alerts for specific commodities within these categories

3. Filter news by these categories to focus on produce-specific updates

Related Features: These news categories complement Vesper's existing offerings:

• Smart news filtering and aggregation

• Custom news alerts

• Fruits and Vegetables price benchmarks on the Dashboard

Summary: Vesper has strengthened its dairy portfolio with a new weekly Vesper Price Index (VPI) benchmark for Cheddar Curd (CIF Southeast Asia). This proprietary benchmark fills a critical gap in regional cheese trade visibility, especially for Oceania-origin products moving into key Asian markets.

What's New:

• Exclusive weekly VPI price benchmark for Cheddar Curd with CIF Southeast Asia delivery basis

• First reliable price reference in a region lacking formal cheese futures markets

• Full integration with existing dairy dashboards and pricing tools

Why It Matters: With no futures market for cheese in the APAC, market participants have struggled to benchmark pricing or implement effective hedging strategies. This exclusive VPI benchmark provides essential price transparency in a market where Oceania exports a significant share of its cheddar production to Asian buyers. By introducing this reference point, we're responding to the need for reliable pricing data in markets lacking formal pricing infrastructure.

How to Use It:

1. Find the new Cheddar Curd (CIF SEA) benchmark in the pricing widgets

2. Add it to price widgets to analyze spread between origin and destination markets

3. Track weekly updates to identify emerging trends in regional dairy trade flows

Related Features: This benchmark complements Vesper's existing offerings:

• Global and regional cheese price benchmarks

• Import/export widgets mapping supply and demand in trade flows

• Price spread tool for cross-regional analysis

Summary: Vesper has significantly expanded our European electricity futures coverage with the addition of comprehensive EEX data across 15 countries. This enhancement delivers detailed visibility into power markets throughout Europe, covering both base and peak load contracts across monthly, quarterly, and yearly timeframes.

What's New:

• 86 new electricity futures contracts covering:

  • 15 European countries including Germany, France, UK, Italy, Spain, and more

  • Base and peak load power contracts

  • Monthly, quarterly, and yearly delivery periods

• Available across multiple widgets including:

  • Futures widgets (Graph, Table, Historical Settle Graph)

  • Price & Price Comparison widget

Why It Matters: Energy costs represent a significant component of manufacturing expenses. With this expanded coverage, users can monitor electricity futures across their operational footprint, compare price trends between regions, and develop more effective energy procurement strategies based on forward market indicators.

How to Use It:

1. Access these new products through any of the supported widgets

2. Search by country name and contract type (e.g., "German Power Base")

3. Compare electricity futures across different European markets

4. Track forward curves to inform energy procurement decisions & Market outlook

Related Features: This expansion complements our existing energy market coverage:

• Natural gas futures across major European hubs

Whats New? Vesper is extending our AI-powered forecasting horizon from 6 to 12 months for select dairy, sugar, and oils commodities with established price histories (5+ years of data). This extended visibility enables procurement teams to move beyond tactical buying decisions to support annual budgeting and strategic planning.

Why it matters? Together with expert human analyst outlooks and comprehensive coverage of S&D/Fundamentals, the forecast powered by AI technology gives a comprehensive outlook on future market movements. The extended 12-month horizon allows users to incorporate forecasting into their decision making on more strategic timeframes.

As always, forecasting accuracy is transparently available on the platform for each individual product, allowing users to assess performance and incorporate it into decision-making.

How to Use It:

1. Access the forecast widgets directly on your custom dashboards (add through the search tool if needed)

2. If a product has a 12-Month forecast horizon, it will automatically be visible on your screen

3. Check forecast performance by choosing the 12-Month option in the accuracy dropdown

More products will be added to the extended range in the course of Q2

Related Features: This extended forecasting complements our existing forward-looking toolkit:

• Forward pricing up to 16 months ahead in the Forward Pricing widgets

• Expert analyst outlooks for both short and long-term market perspectives

• Fundamental market drivers dashboard for tracking supply and demand trends

These combined tools give procurement teams unprecedented visibility into future market movements for more confident strategic planning.

Summary: Vesper has expanded our egg market coverage by integrating official quarterly UK egg production data. This enhancement provides critical supply information to complement our existing egg price benchmarks, delivering deeper market insights for procurement teams in a category known for significant volatility.

What's New:

• Quarterly UK egg production data from official government sources covering:

  • Eggs, Fresh

  • Egg Enriched Derivatives, Caged

  • Eggs, Free Range

• Reporting:

  • Production volumes across different egg types

  • Quarter-over-quarter production trends

  • Year-over-year production comparisons

Why It Matters: Egg markets have been extremely volatile, mainly due to supply side constraints caused by HPAI recently. With production levels directly impacting price movements. This new production data helps procurement teams anticipate market shifts by tracking supply dynamics, providing essential context for buying decisions and supplier negotiations in a challenging category.

How to Use It:

1. Navigate to the production widget in your dashboard

2. Select the relevant product in the dropdown

3. View production trends quarterly or evolutions compared to the prior years

Related Features: This update complements our comprehensive egg market coverage:

• Vesper Price Index (VPI) for 16 egg products across different production systems

• Expert market analysis for the egg sector

• Global news feed specific to eggs and poultry

• Price benchmarks across caged, barn, and free-range production systems

Added daily Brazilian public prices from Instituto de Economia Agrícola (IEA), Brazil's leading agricultural economics institute, expanding our coverage of key food commodities with local market data.

Why it Matters: Brazil is a major global producer and price setter for multiple food commodities. Direct access to daily IEA data provides unprecedented visibility into local market dynamics, helping procurement teams better understand price movements at origin and optimize sourcing strategies.

What's New:

• Daily price updates across multiple categories:

  • Meat & Poultry: Chicken cuts (breast fillet, thigh, leg quarters), Pork cuts (loin, steak), Beef cuts (ribeye, round eye, brisket)

  • Nuts & Seeds: Peanuts in shell

  • Vegetables: Garlic (violet, violet size 0.7)

• Key features:

  • Daily frequency updates

  • 4 years of historical data

  • Local market prices from São Paulo state

  • Original source data direct from IEA

How to Use It:

1. Access Brazilian benchmarks in the Prices widgets by searching for the product name or filtering by BR-IEA source

Summary: Introducing exclusive Vesper Price Indices (VPIs) for eggs and egg derivatives, covering 16 products across different production systems. These weekly benchmarks are built from actual transaction data from key market participants, supported by expert analysis and AI-powered news coverage.

What's New:

• Weekly VPI benchmarks for:

  • Powder Products: Egg White, Egg Yolk, and Whole Egg powders

  • Liquid Products: Egg White, Egg Yolk, and Whole Egg

  • Shell Eggs

• Coverage across three production systems:

  • Caged

  • Barn

  • Free Range

• Enhanced market coverage:

  • Expert market analysis reports

  • AI-curated global news feed specific to eggs and poultry

  • Weekly price updates based on actual transactions

Why It Matters: The egg derivatives market has historically lacked reliable price benchmarks despite significant price volatility. Our new VPIs fill this gap by providing weekly price references based on actual market transactions, helping you validate quotes and track price trends across different production systems.

How to Use It:

1. Access the price widgets

2. Select your product of interest from 16 new benchmarks

3. View price trends, expert analysis, and relevant news in one spot

4. Use the data to support procurement decisions and supplier negotiations

Related Features: This release is part of our expanded coverage for bakery ingredients, complementing recent additions in:

• Flour cost modeling

• Enhanced wheat and grains price benchmarks

• Fundamental coverage (production, trade routes) for grains, dairy, nuts, and more

These tools provide bakery procurement teams with comprehensive insights across their key ingredients.

Summary: New wheat flour price calculator now available, combining MATIF milling wheat prices with production costs to estimate realistic flour market values.

What's New:

• Wheat flour price calculation based on MATIF futures

• Customizable input parameters including:

  • Wheat purchase price (FOB French Ports)

  • Original protein content

  • Target protein content

  • Vital wheat gluten price

• Integration of key production cost factors:

  • Electricity consumption

  • Water usage

  • Milling efficiency rates

  • Labor costs

• Medium-sized miller operational model

• Located in Calculations Page under Grains & Feed

Why It Matters: Raw wheat prices tell only part of the story. This calculator helps you understand the full cost structure of flour production, enabling more informed negotiations and better prediction of price movements. Best of all, you can adjust the parameters to match your specific situation and market conditions.

How to Use It:

1. How to Use It:

   1. Navigate to the Calculations Page

   2. Select Grains & Feed category

   3. Choose "Wheat Flour Price - MATIF" calculator

   4. Adjust the input parameters to match your needs

   5. View the calculated theoretical EXW flour price

Part of our expanded grains coverage in Q4 2024, which includes:

• New import/export flow data for grains and flour

• Enhanced production data coverage

• Additional benchmark pricing for grains and flour products

Together, these tools give you a complete view of the market from trade flows to final product costs.