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

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: 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

Summary: Access detailed regional price breakdowns for key US dairy products including butter, cream, dry whey, and NFDM across East, Central, and West regions from the Dairy Market News.

What's New: • Regional DMN price data for US dairy products • Coverage across East, Central, and West regions • Products include Butter, Cream, Dry Whey, NFDM • Same-day price updates integrated into existing dashboards

Why It Matters: Regional price differences can are seen within the US, having access to more local pricing will provide you with the benchmarks needed to validate claims, and build more tailored strategies.

How to Use It:

1. Navigate to your dairy pricing dashboard

2. Select your product of interest

3. View price comparisons across US regions using the Price Comparison Widget

Need help? Contact your customer success manager or email [email protected]

Summary: Added EEX Index prices, the closing mechanism for dairy futures, for butter, raw milk, SMP (Food), and SWP (Feed). These indices make it easier to track futures settlement prices in one place.

What's New:

• EEX Index prices for:

  • Butter

  • Raw Milk

  • SMP (Food)

  • SWP (Feed)

Why It Matters: EEX Index prices are used for futures settlement. These prices are derived from an average of prices already available on Vesper (ATLA, Kempten, ZuivelNL benchmarks). Integrating these EEX indexes complements our existing price sources, making it easier to track market developments.

How to Use It:

1. Open your prices or price comparison widget

2. Select the new EEX Index in your data series

3. Compare with other price benchmarks in price comarison to get a complete market view

Need help? Contact your customer success manager or email [email protected]

Summary: Access the latest price results for SMP and WMP from the GDT Pulse in our pricing widgets, enabling more frequent price discovery between GDT auctions.

What's New:

• GDT Pulse results for:

  • SMP pricing data

  • WMP pricing data

• Integration in pricing widgets

• More frequent price updates between auctions

Why It Matters: GDT Pulse provides additional price points between traditional auctions, helping you make better-informed trading decisions with more current market data.

How to Use It:

1. Open your pricing widgets

2. Select SMP or WMP products

3. Select GDT Pulse

4. Pro Tip: Select both GDT & GDT Pulse to overlay both in one graph

Need help? Contact your customer success manager or email [email protected]