At the end of April, DCA-Markets proposed to adjust the specifications for a number of dairy quotations. This concerns the rounding to five (5) euros per ton. This has been presented to the market by means of a consultation note. The response was positive.
As a result, as of June 2020, dairy quotations listed below will actually be rounded to five euros. Starting with the quotations of Thursday, June 4, 2020. It is important to know that DCA-Markets will continue to publish the price range, the number of observations and the not rounded average, next to the quotation that is rounded to five euro.
Regarding the price range and the number of observations, it is important to know that these are the numbers after eliminating prices that deviate more than 5% from the original average of all prices received.
The specifications of the products that DCA-Markets lists have been drawn up in order to 'capture' the bulk of the market in that product as precisely and completely as possible. Items that have been laid down are delivery conditions, quality and an exact price description. This way, everyone knows exactly which product the listing applies to and can use their own additions or discounts in his or her benchmarking.
Continuously monitoring developments in this area is very important for DCA-Markets. Suggestions are therefore welcome and DCA-Markets is always open to a discussion about its methodology and the products it notes. Developing new markets and products is one of the objectives to be even more relevant in these markets.
Are you curious how we as DCA approach and guide the above? Or do you want us to develop a custom made benchmark? Please call +31646265874 or email to R.vantRiet@DCA.nl.