Consultation: Adjustment DCA-Quotations
DCA-Markets
intends to make the following adjustments to the DCA-Markings system. Which means that as of 1 June
2020, the text in bold below is added:
DCA-Markets reserves the right to not publish a Reference price value or publish a Reference price value at a later time, for a different period and/or as a preliminary price in the event of calamities. This includes, but is not limited to, a power outage, network problems, communication problems, terrorist attacks, or other events that disrupt the processes of DCA-Markets but also distortions of the market underlying the Reference price. DCA markets will further explain such a decision and the consequences.
The introduction will also state that the Dutch version of the methodology is leading.
Also per 1
June 2020, the prices per ton for all dairy quotations will be rounded to five
euros. These prices were previously rounded to one euro. This applies to the
following Reference prices (quotations):
Butter:
DCA-Quotation Fresh Lactic Butter
Cheese:
DCA-Quotation Edam
Foil Cheese
DCA-Quotation Gouda Foil Cheese
DCA-Quotation mozzarella Cheese
DCA-Quotation
Cheddar Curd & Mild
Liquids:
DCA-Quotation Skimmed Milk
Concentrate
Powder:
DCA-Quotation Skimmed Milk Powder
Feed
DCA-Quotation Skimmed Milk Powder
Food
DCA-Quotation Sweet Whey Powder Feed
DCA-Quotation Sweet Whey Powder Food
DCA-Quotation Whole Milk Powder
The proposed adjustments are hereby offered to the market for consultation. Reactions to this consultation document can be sent by e-mail to: contact@dca-markets.com until May 28, 2020, stating "Consultation on adjustments to dairy quotations in May 2020".