Price verification
Negotiate from a position of strength
Vesper shows if a supplier's quote is fair, using exclusive, independent benchmarks you won't find elsewhere.
Let's get startedVesper Price Index
Sample prices for illustration. Not official VPI values.
Our Users
Trusted by modern FMCG
The problem
Buying without a benchmark is buying blind
"Vesper is an excellent benchmark for buyers to double-check whether the quotes they get represent the market."
Yue Li
Market Intelligence Manager, Danone
How to verify prices
A four-step process for every procurement decision
Compare your quote
Cross-reference your supplier's price against 1 to 3 independent benchmarks: global public data, futures exchanges, price reporting agencies, and the Vesper Price Index.
Try nowCheck alternatives
Explore alternative scenarios using multiple origins and shipping data to understand what is actually available to you and at what cost.
Try nowDecide
Use benchmark gaps and sourcing alternatives to spot discrepancies. Know when a quote is fair and when there is room to negotiate.
Free trialRepeat
Build a repeatable verification process for every commodity purchase, so your team always negotiates from a position of strength.
Explore the platformTools
What you'll use
Exclusive benchmarks
Vesper Price Index (VPI)
Peer-sourced spot and forward benchmarks for specialty ingredients. Up to 16 months of forward pricing, continuously refreshed.
Explore VPIPublic data
Global benchmarks
Consolidated prices from public sources, futures exchanges, and price reporting agencies, all aggregated in one place.
Try VesperPremium indices
Partner benchmarks
Exclusive access to premium partner indices covering thin markets that lack public price visibility.
Try VesperYour workspace
Customizable dashboards
Configure your own pricing workspace with the benchmarks, S&D data, and forecasts that matter most for your specific ingredients.
Explore dashboardsCost models
Forecast the cost of your end products
Build recipe-level models with your exact inputs and yields. Swap inputs to test sourcing scenarios. Use independent benchmarks (VPI, public, partner) or add your own costs. Get forward views up to 12 months for the full recipe, including overhead, labour, and energy.
See cost modelsWhat we track
Coverage across 20+ commodity markets
20,000+ price series across every major ingredient and material category. If your team buys it, Vesper likely benchmarks it.
Grains & oilseeds
Soft commodities
Industrial & inputs
Use cases
Check out more use cases
Benchmark performance
Track purchasing outcomes against market benchmarks to demonstrate your team's impact over time.
Justify decisions
Create approval-ready narratives in minutes, backed by independent market data that stakeholders trust.
Know when to buy
Pair AI forecasts with expert analysis to identify the right moment to lock in contracts or hold off.
Your tour of the platform
Schedule your demo
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FAQ
Frequently Asked Questions
How does Vesper verify if a supplier quote is fair?
Vesper aggregates independent benchmarks from public sources, futures exchanges, price reporting agencies, and the Vesper Price Index (VPI) into a single platform. You compare your quote directly against these references to see where your price sits relative to the market, so you can enter any negotiation knowing whether the offer is competitive.
What is the Vesper Price Index (VPI)?
The Vesper Price Index is a peer-sourced benchmark built from anonymised transaction data contributed by Vesper users. It covers specialty ingredients and commodities that lack transparent public pricing. VPI gives procurement teams an independent reference point for ingredients where traditional public data does not exist, including forward prices up to 16 months ahead.
What public and exchange data does Vesper aggregate?
Vesper consolidates prices from major futures exchanges (CME, Euronext, ICE), price reporting agencies, and semi-government organisations across dozens of commodity categories. Instead of hunting multiple sources manually, everything is accessible in one place, updated continuously.
Can Vesper verify prices for specialty ingredients with no public benchmark?
Yes. The Vesper Price Index was built specifically for this problem. For specialty ingredients where futures or PRA coverage is limited or absent, VPI provides a peer-sourced benchmark derived from real transactions. This gives your team a reliable reference even for niche or difficult-to-benchmark ingredients.
How does Vesper help me explore alternative sourcing strategies?
Within Vesper you can model alternative scenarios by origin, supplier, and shipping route. By comparing cost profiles across multiple sourcing options, you can identify whether switching origin or supplier would yield a better price, and quantify the savings opportunity before entering a negotiation.
Can I use price verification data to justify decisions to internal stakeholders?
Yes. The same benchmark data that helps you verify a quote can be exported and shared to build a compelling case internally. Reference the VPI, attach public benchmark charts, and present a clear rationale for accepting or rejecting a deal, all backed by independent data your stakeholders can trust.