What's New

• 300 new daily price series covering major beef, pork, and lamb products

• Real-time daily updates to ensure you have the latest market data

• Coverage across different cuts, grades, and products

How to use in Vesper:
Prices Widget

• Easily track and monitor daily price movements for all meat categories

• Quick access to historical trends and current market conditions

• Ideal widget for efficient price monitoring

Cost Models

• Incorporate new meat price data into custom recipe breakdowns

• Build cost models that reflect your product’s market pricing

• Create detailed analyses for food service, retail, and manufacturing applications

Price Comparison

• Compare meat prices against other commodity products

• Identify correlations and patterns between different protein markets

Getting Started

The new meat price series are immediately to users with Meats&Poultry in their commodity package. To begin using this data:

1. Use the Prices Widget to explore individual price series

2. Use the Price Comparison to analyze relationships between meat and other commodities

3. Access Cost Models to incorporate the new data into your custom analyses

Questions or Support

For questions about the new meat price series or assistance with implementation, please contact our support team at: [email protected]

Summary: Vesper is excited to announce the launch of a new weekly market analysis report focused exclusively on coffee. This report, authored by industry leader Sucafina, will provide in-depth insights and timely updates on the global coffee market.

What's New:

• Dedicated Coffee Market Analysis: A specialized weekly report offering expert analysis of the coffee market.

• Expert Author: Authored by Sucafina, the leading sustainable Farm to Roaster coffee company with a rich history in commodities since 1905.

• Frequency: Delivered weekly to keep you informed of the latest market movements.

• Release Schedule: Available every Tuesday afternoon.

Why It Matters:

Coffee is a critical commodity for many of our users, and this new dedicated report will provide invaluable, focused intelligence. By partnering with Sucafina, we're bringing you expert perspectives and analysis to help you:

• Understand current market dynamics and trends.

• Anticipate potential shifts in supply, demand, and pricing.

• Make more informed purchasing and trading decisions.

• Gain a deeper understanding of the factors influencing the coffee industry, from farm to roaster.

How to Use It:

• Access the new Coffee Market Analysis report in the Market Analysis section of the Vesper platform.

• Look for the report updates every Tuesday afternoon.

• Consider setting up alerts to be notified when the new report is published.

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

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.

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: 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.

Summary: Major expansion of global import/export data coverage across grains, nuts & seeds, and food ingredients - helping you track trade flows and assess supply & demand dynamics.

What's New:

• Grains & Flour

  • Complete trade data for wheat, corn, and specialty grains

  • Coverage of various flour types and grain derivatives

  • Bakery product trade flows

• Nuts, Seeds & Dried Fruits

  • Comprehensive data for tree nuts (both in-shell and shelled)

  • Coverage of dried fruits and specialty seeds

  • Full trade flow visibility for key origins

• Food Ingredients

  • Starches & Gluten

  • Natural & artificial thickeners

  • Egg products & derivatives

  • Essential oils & flavorings

  • Food additives & preservatives

  • Sauces & condiments

Why It Matters: Import/export data provides crucial market context beyond prices. These trade flows help you:

• Assess global supply & demand dynamics

• Track market movements across regions

• Identify emerging trends in your category

• Make more informed buying decisions

How to Use It:

1. Navigate to the Import/Export widgets

2. Select your category and product

3. View import/export flows through our interactive visualizations

4. Use one of 5 different widgets to make trade data actionable

Note: This is our largest trade data expansion beyond our existing coverage in Dairy, Oils & Fats, and Sugar, with more categories coming soon.