Summary: Vesper has expanded its oils & fats coverage with a new weekly Vesper Price Index (VPI) benchmark for Crude Shea Butter (FOB Tema) from Ghana. This proprietary benchmark, exclusive to Vesper, provides a reliable, independent price reference for an increasingly strategic commodity in food manufacturing.
What's New:
Weekly VPI price benchmark for Crude Shea Butter
FOB Tema delivery basis from Ghana—the world's largest shea butter exporting country
Full integration with existing oils & fats dashboards and pricing tools
Why It Matters: As cocoa prices continue to surge, we've seen increased demand from our user base for alternatives like Shea Butter, which has emerged as a critical cost-effective substitute for cocoa butter. This exclusive VPI benchmark responds directly to user feedback, delivering essential price transparency for those seeking different compositions to limit the effects of cocoa volatility on end product applications. Having Vesper's independent benchmark helps verify supplier pricing and supports more confident negotiations during this period of volatility in cocoa markets.
How to Use It:
Find the new Shea Butter (Crude) benchmark in the pricing widgets section
Add it to the price comparison widget for side-by-side analysis with cocoa butter prices
Incorporate this benchmark into your custom cost models to evaluate how chocolate formulation costs change when substituting with shea butter
Monitor weekly updates to identify emerging trends and optimize buying decisions
Related Features: This benchmark complements Vesper's existing offerings:
Cocoa butter price benchmarks
Vegetable oil price benchmarks
Cost modeling for ingredient substitution analysis
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