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21 Mintec Benchmark Prices with IOSCO Type 2 assurance
The table below sets out the Mintec Benchmark Prices reviewed by IOSCO as part of the 2022 review. The review encompassed 14 prices that received the Type 2 IOSCO assurance and a further 7 prices that received Type 1 IOSCO assurance across plant proteins, nuts, oils, spices, softs, meat and dairy.
Series Code |
Mintec Benchmark |
Commodity |
Level of Assurance |
KC04 |
Organic Arabic Coffee Differential Honduras |
Organic Coffee |
Reasonable assurance |
COBS |
Cocoa Butter EXW Western Europe |
Cocoa Butter |
Reasonable assurance |
8G39 |
Olive Oil extra-virgin EXW Andalusia |
Olive Oil |
Reasonable assurance |
RSOR |
Rapeseed Oil FOB Rotterdam |
Rapeseed Oil |
Reasonable assurance |
PNU2 |
Peanut Runner Medium FCA Southeastern United States |
Peanuts |
Reasonable assurance |
NAL1 |
Almond Standard 5% FAS US |
Almonds |
Reasonable assurance |
RU23 |
Almond Nonpareil Supreme 23/25 FAS US |
Almonds |
Reasonable assurance |
1Y11 |
Cashews W320 FOB Vietnam |
Cashews |
Reasonable assurance |
PIE1 |
Pea Protein Isolate EXW Europe |
Pea Protein |
Reasonable assurance |
SIA1 |
Soya Protein Isolate EXW North America |
Soya Protein |
Reasonable assurance |
SP59 |
Vanilla Industrial Grade 1 FOB Madagascar |
Vanilla |
Reasonable assurance |
JS83 |
Butter unsalted 82% EXW Netherlands |
Butter |
Reasonable assurance |
DI18 |
Cream 40% EXW UK |
Cream |
Reasonable assurance |
JQ45 |
Milk fresh >3.5% fat DDP UK |
Milk |
Reasonable assurance |
ED27 |
Mozzarella EXW EU |
Cheese |
Limited assurance |
J114 |
Cheese Gouda EXW EU |
Cheese |
Limited assurance |
J116 |
Butter unsalted EXW European Union |
Butter |
Limited assurance |
J117 |
Skimmed Milk Powder medium heat EXW European Union |
SMP |
Limited assurance |
LZ01 |
Butter unsalted EXW United Kingdom |
Butter |
Limited assurance |
0V30 |
Sunflower Seed EXW Ukraine |
Sunflower Seed |
Limited assurance |
BW56 |
Pig deadweight Grade S EXW Europe |
Pork |
Limited assurance |
COP26: Price impacts, as countries agree to beef up climate promises?
Topics: Mintec Analytics
Responding to the most challenging business issues starts with access to the best quality data
Every business decision should begin with robust data. But more data is seldom the only answer. Timely access to the right data can improve visualisation and provide insights that drive decision making. Defective data that is incomplete, inaccurate or out-of-date data is likely to result in incorrect analysis and deliver incorrect results leading to increased costs and greater risk to the business.
Topics: Procurement
COVID 19: Analysis of Global Commodity Price Indices
LATEST MINTEC REPORT
COVID-19 continues to impact global supply chains. The price effects across various commodity groups are reflective of numerous factors, many of which are country and/or market specific. China is a key import market for various commodities covered in this report, thus influential in supporting demand and prices. As the Chinese economic recovery continues apace, the noticeable impact of increased trade is cited across various commodities groups, including meat, oilseeds, packaging, and grains. Conversely, the prospect of China re-implementing more stringent border controls remains a pertinent threat. Parts of Europe are again tightening controls on social movement in order to curb localised spikes. With the virus widely anticipated to escalate during the northern Hemisphere winter, commodity price volatility appears increasingly likely during Q4 2020.
Benchmarking Suppliers Prices | Procurement Benchmarking Tools - Mintecglobal.com
Businesses frequently rely on their suppliers for information on product prices for price benchmarking. So it’s hardly surprising that it’s difficult to compare the performance of their buying strategy to that of their competitors. As a result, many procurement leaders believe they are getting the best prices from their current suppliers.
So howdoprocurement teams gain priceclarity and idenitfy procurement savings?
Topics: Food Ingredients, Procurement
Since the beginning of the year, businesses from the food sector have been impacted by unexpected volatility in commodity markets. While the effects have varied, the fish and seafood sector have seen fall in the price of a range of products as evidenced in Mintec's Fish and Seafood Index. Where price falls have rivaled those of oil.
To enable buyers to identify where specific price changes are occurring, Mintec has released a range of new price series all available through Mintec Analytics.
Topics: Fish & Seafood
5 factors influencing food Agri-markets during COVID-19
Since the beginning of the year, businesses from the food sector have been impacted by unexpected volatility in commodity markets. While the effects have varied, they have all been influenced by these five critical factors:
Digital Transformation of procurement remains a top priority for food procurement leaders in the food and beverage sector and beyond.
Topics: Procurement