Cagliata cheese made from pasteurized cow’s milk, of good standard merchantable quality, compliant with EU legislation.
Minimum of one full truckload
The average volume weighted price without commission and VAT of transactions closed in that week from Monday in the product as specified in this document.
Picked up within a month
Ex works
Euro's per metric ton (1.000 kilogram) commercially rounded to one euro
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: November 2024