Price Methodology & Specifications

Mintec collects and curates price information following robust principles and parameters to ensure accuracy and consistency.

price

 

Price Methodology & Specifications

Mintec collects and curates price information following robust principles and parameters to ensure accuracy and consistency.

price

 

Expertise

Expertise

across +30 years 

        

               

data sources

+900 

leading data sources

        

               

Proprietary Prices

Proprietary 

 prices for specialist commodities

        

               

Millions

Millions

of prices annually

        

               

Rigorous

Rigorous

data standards

        

               

Robust

Robust

methodology and process

        

               

Accurate

Accurate

and efficient approach

Why Does Methodology Matter?

globe-01

 Expertise

 ACROSS +30 YEARS

For over 30 years, Mintec has been collecting and curating prices across the globe for thousands of food and raw material commodities. This vast current and historical price database provides the most comprehensive insight into prices across the global food and commodity markets.

 

 

methodology icons-06

+900

LEADING DATA SOURCES

Our published prices are independent and transparent, and we engage widely with the market as well as almost 1000 data providers and commodity exchanges globally. 

 

methodology icons-06-2

Proprietary

PRICES FOR SPECIALIST COMMODITIES

Our processes include data collection and proprietary price reporting. To find out about any or all, see our methodologies and data specification standards below.

 

methodology icons-03

Millions

OF PRICES ANNUALLY

We continue to invest in the range of data points we publish and markets we cover and ensure that the methodologies and specifications we apply, deliver the most accurate price information possible.

 

 

 

methodology icons-05

Rigorous

 DATA STANDARDS

We adhere to rigorous data standards to ensure the accuracy and consistency of our prices. Our data is collected, analysed and validated to deliver prices that help gauge the real cost of the materials our customers buy and use.

 

 

robust-04

Robust

METHODOLOGY AND PROCESS

The principles and practices we adopt reflect the complexities of the commodities and markets we cover. We recognise the importance of bringing visibility to opaque markets, where clarity on prices is less accessible, to enable more confident buying decisions for all market participants.

 

 

methodology icons-02

Accurate

AND EFFICIENT APPROACH

Our approach incorporates a combination of advanced collection and quality control systems utilising RPA and systematic algorithms. While simultaneously recognising the experience and expertise of our people through timely interaction and analysis.

globe-01

 Expertise

 ACROSS +30 YEARS

For over 30 years, Mintec has been collecting and curating prices across the globe for thousands of food and raw material commodities. This vast current and historical price database provides the most comprehensive insight into prices across the global food and commodity markets.

 

 

methodology icons-06

+900

LEADING DATA SOURCES

Our published prices are independent and transparent, and we engage widely with the market as well as almost 1000 data providers and commodity exchanges globally. 

 

methodology icons-06-2

Proprietary

PRICES FOR SPECIALIST COMMODITIES

Our processes include data collection and proprietary price reporting. To find out about any or all, see our methodologies and data specification standards below.

 

methodology icons-03

Millions

OF PRICES ANNUALLY

We continue to invest in the range of data points we publish and markets we cover and ensure that the methodologies and specifications we apply, deliver the most accurate price information possible.

 

 

 

methodology icons-05

Rigorous

 DATA STANDARDS

We adhere to rigorous data standards to ensure the accuracy and consistency of our prices. Our data is collected, analysed and validated to deliver prices that help gauge the real cost of the materials our customers buy and use.

 

 

robust-04

Robust

METHODOLOGY AND PROCESS

The principles and practices we adopt reflect the complexities of the commodities and markets we cover. We recognise the importance of bringing visibility to opaque markets, where clarity on prices is less accessible, to enable more confident buying decisions for all market participants.

 

 

methodology icons-02

Accurate

AND EFFICIENT APPROACH

Our approach incorporates a combination of advanced collection and quality control systems utilising RPA and systematic algorithms. While simultaneously recognising the experience and expertise of our people through timely interaction and analysis.

Category Indices Illustration

Mintec Category Indices 

The Mintec Category Indices (MCI) are created to measure changes in the price of a group of core food categories, and each one has been weighted based on the significance of each commodity included.

More info  >

Data Standards Illustrations

Data Standards

Mintec understands that data is key to decision-making, but information isn't useful unless it adheres to strict quality standards.

 

Benchmark Price Illustrations

Mintec Benchmark Prices 

Mintec’s proprietary prices, known as Mintec Benchmark Prices (MBP), have a strict methodology to ensure all published prices are representative of market value and bring unbiased transparency to the commodity world.

Our methodology document explains the process that the Mintec uses to derive its commodity price assessments, the specifications and the method for collating and accepting data for assessment.