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 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

Expanded sugar price coverage with new country-specific Vesper Price Indices for Germany, Netherlands, Poland, and Spain, complementing our regional EU benchmarks. All benchmarks are updated weekly and remain DAP (Delivered at Place) derived from actual market participants aiding price discovery.

Why it Matters: National sugar markets have distinct dynamics driven by local production, trade flows, and supply-demand factors. While regional benchmarks provide essential context, country-level visibility enables more precise procurement strategies, especially in deficit markets like Spain that rely heavily on imports.

What's New:

• Weekly white sugar benchmarks (ICUMSA 45) for:

  • Germany

  • Netherlands

  • Poland

  • Spain

• Delivery basis: DAP (Delivered at Place)

• Weekly updates every Wednesday

How to Use It:

1. Access Sugar benchmarks in the Prices widgets by searching for ‘white sugar‘

Summary: New mobile feature delivers personalized market updates - including prices, news, and analyses - in a single, easy-to-scan feed.

What's New:

• Daily personalized round-up showing:

  • Latest price updates for your products

  • Forward price changes

  • 2 most relevant news articles

  • 2 key market analyses

  • All filtered to your selected interests

Why It Matters: Quick access to your most important market information while on the move, helping you stay informed without searching through different sections.

How to Use It:

1. Open your Vesper mobile app

2. Tap "What's New" from Dashboard or Notifications

3. Scroll through your personalized updates

➡️ Ready to upgrade?Download our mobile app to access these features.

Summary: Expanded partnership with Sugar Online brings twice-monthly Indian sugar market reports, offering deep insights into the world's second-largest sugar producer.

What's New:

• Comprehensive India Sugar Market Report (twice monthly)

• Coverage includes domestic market dynamics, crop evolution, production forecasts

• Analysis of consumption trends, trade flows, and policy impacts

Why It Matters: Better understand price movements and market dynamics in India's sugar market, helping you understand the dynamics at play in the worlds second largest sugar producer. Policy changes in export behavior influence the world’s supply of sugar, being an important variable to understand when analyzing the market.

How to Use It:

1. Access the Market Analysis section

2. Filter on Sugar in your left bar

3. Open the latest report or scroll back to earlier publications

Summary: Enhance your dairy market analysis with exclusive pricing insights for MPC85 (US) and MPI90 (US) - now benchmarked in the Vesper Price Index (VPI), establishing the first reliable market benchmarks for these protein ingredients.

What's New:

• VPI benchmark prices for MPC85 (US)

• VPI benchmark prices for MPI90 (US)

• First reliable market benchmark for these products

Why It Matters: Until now, no reliable price benchmarks existed for these protein ingredients. These new VPIs provide clear market reference prices, essential for both buyers and sellers in the specialized nutrition sector.

How to Use It:

1. Use the Prices or Price Comparison widget

2. Add prices using the prices filter

3. Select MPC85 or MPI90 (US)

Don’t have access to these prices yet?Let us know