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:

1. Find the new Shea Butter (Crude) benchmark in the pricing widgets section

2. Add it to the price comparison widget for side-by-side analysis with cocoa butter prices

3. Incorporate this benchmark into your custom cost models to evaluate how chocolate formulation costs change when substituting with shea butter

4. 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

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: 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.

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: 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]