Independent audit review completed for 34 dairy benchmarks
DCA Market Intelligence publishes independent benchmark prices relied upon by professional market participants worldwide. Our dairy benchmark methodologies and governance framework are independently audited for compliance with the IOSCO Principles for Financial Benchmarks, ensuring transparent, robust and reliable reference prices.
DCA Market Intelligence operates the market’s largest IOSCO-aligned dairy benchmark set
AuditorProjective Group
Report dateFebruary 2026
Period cover2026 - 2027
Scope34 dairy benchmarks
Alignment with the IOSCO Principles at DCA Market Intelligence
At DCA Market Intelligence, IOSCO alignment is not an objective in itself, and we do not treat compliance as a box-ticking obligation. It reflects the governance discipline we have built from the outset and continuously maintain.
Governance in practice
Oversight is performed through a dedicated governance function with documented decision rights, escalation routes and change controls for methodology updates.
Read our methodology
Transparent and documented methodologies
Robust data collection and validation processes
Independent governance and oversight
Clear procedures for review, correction and complaints
Why this matters for benchmark users
Our benchmarks are used in contracts, pricing mechanisms, indexation, risk management and market analysis across the dairy sector. Because these prices often serve as formal reference points in commercial agreements and financial arrangements, methodological integrity and governance are essential.
IOSCO-aligned controls provide a structured and well-governed benchmark process, strengthening transparency, comparability and user confidence.
Increases transparency and trust
Reduces operational and regulatory risk
Supports consistent pricing
Improves comparability across regions and products
The full Statement of Compliance with the IOSCO Principles for Financial Benchmarks is available upon request. The
executive summary
is publicly available. Please leave your contact details to receive the full report.
Corrections & complaints
We operate clear procedures for review, correction and complaints. If you believe a benchmark publication may require review or correction, or you want to submit a complaint, you can contact us via:
Target response time: Within 20 business days, acknowledgement within 5 business days
Access the benchmarks
Access to DCA Market Intelligence dairy benchmarks is available via subscription. Subscribers receive benchmark prices, dashboards, underlying data and market insights. New users can start with a 14-day free trial.
It means our benchmarks are developed, administered and governed in line with the IOSCO Principles for Financial Benchmarks. The International Organization of Securities Commissions (IOSCO) sets global standards for financial market regulation and promotes a framework that protects market participants while supporting fair and transparent markets. Its principles emphasize transparency, integrity and reliability through clear standards for methodology, governance, data quality and oversight.It means our benchmarks are developed, administered and governed in line with the IOSCO Principles for Financial Benchmarks. The International Organization of Securities Commissions (IOSCO) sets global standards for financial market regulation and promotes a framework that protects market participants while supporting fair and transparent markets. Its principles emphasize transparency, integrity and reliability through clear standards for methodology, governance, data quality and oversight.
They are developed using clearly defined and documented methodologies specifying how data is collected, assessed and applied, and how benchmarks are calculated and reviewed. Governance includes controls for data validation, conflicts of interest, quality control and ongoing monitoring.
Professional participants across the dairy value chain, including producers, processors, traders, brokers and financial institutions, commonly in contracts, pricing/indexation mechanisms, risk management and market analysis.
When market activity is limited or disrupted, we follow the documented methodology for that benchmark, including defined input handling and validation steps. Where needed, the process applies a structured hierarchy of inputs and additional verification, with governance oversight and documented decision-making.
Any market participant interested in contributing price information can contact us at pra@dcami.com. Submissions are coordinated and assessed by specialised price reporters through controlled channels and handled in line with our documented contributor and data-handling procedures; contributor information is treated confidentially, and inputs are validated before being used in benchmark determination, with controls to manage conflicts of interest and ensure process integrity.
Each benchmark has a defined publication schedule (frequency and publication time) which is listed with the benchmark specification on this page and in the methodology documentation. Any planned changes to publication timing are communicated in advance via our established notice process.
Methodology updates follow a controlled change process with documented rationale, governance oversight and versioning. For major or material changes, we use advance email notification, a published change log, and a consultation window before the change becomes effective, so users have time to assess impact.
