DCA Market Intelligence publishes a weekly benchmark price for Skimmed Milk Concentrate (SMK). The specifications of this benchmark price are described below.
Skimmed milk concentrate of good standard merchantable quality of Dutch or German origin, not standardized, produced from fresh cow’s milk.
| Dry matter | 35% |
| Protein in non-fat dry matter | 36% approximately |
At least 1 metric ton (1.000kg) of dry matter.
The ex-VAT price refers to the amount a buyer has paid for skimmed milk concentrate or the price received by a seller between Thursday 15:00 in the previous week and Thursday 15:00 in the current week. The price is ex works, this is the price excluding transport costs and other additional costs.
Delivery within a week
Ex. works The Netherlands, Germany or Belgium.
Price in euro per metric ton (1.000 kg)
Price input is collected until 15:00 CET on Thursday. The price reporters of DCA Market Intelligence approach contributors who are active in the market, as specified in this document. Price and possible contributor comments are entered into the Price Reporting System of DCA Market Intelligence.
The Price Reporting System calculates the average price of all contributors based on their price input. This is calculated using the following method:
For each contributor, an average price is computed based on their low and high prices-input. These average prices per contributor are then averaged to determine the overall average price of the panel. Prices from individual contributors that deviate more than 5% from the average price are excluded, and a new average price is then calculated, which becomes the benchmark price for that week. Volume is not weighted, and contributors do not provide volume information.
The benchmark price is rounded to the nearest 5 euros and published on Thursday at 15:30 CET. It is accompanied by a brief explanation, the range of the benchmark price for that week, and the number of observations used in its calculation.
If this procedure cannot be followed for any reason, DCA Market Intelligence management determines how the final benchmark price for the week should be established or may decide not to calculate a benchmark price at all, providing an explanation for the decision.
Version: February 2024