The Whole Milk Powder Price Calculator, often referred to as the WMP Calculator, is a web-based tool designed to assist users in calculating the price of whole milk powder based on the prices of butter and skimmed milk powder (SMP). It offers valuable insights to individuals involved in dairy product trading, production, or investment by helping them estimate the price of WMP under specific market conditions.
The calculator takes user input in the form of two key variables:
The calculation of the WMP price is based on a predefined formula that combines the prices of butter and SMP to derive the price of whole milk powder. The formula is as follows:
WMP Price = (0.74 * Butter Price) + (0.26 * (SMP Price / 0.82))
Upon clicking the “Calculate Price” button, the calculator computes the WMP price using the provided butter and SMP prices. The calculated WMP price is then displayed in Euros (€) with two decimal places in the “WMP Price” field.
To ensure fair usage of the calculator, certain limitations have been implemented:
Usage Limit: Users are restricted to a maximum of five calculations per day.
Limit Notification: If a user exceeds the daily calculation limit, they will be informed that they have reached the maximum allowed calculations for the day.
Registration Prompt: To access unlimited calculations, users are prompted to start a 14-day free trial by registering for an account on the Vesper platform.
The Whole Milk Powder Price Calculator is a valuable tool for estimating the price of whole milk powder based on the current market prices of butter and skimmed milk powder (SMP). It serves as a quick and practical resource for individuals involved in the dairy industry, offering insights into potential pricing scenarios. However, users should be aware of the daily usage limit and consider registering for a free trial to access unlimited calculations and additional features provided by Vesper.