Mintec has changed the assessment unit of its North American and Asian Plant-Based Proteins MBP from kg to lb

All Market Notes 28 February 2023

Mintec changed the assessment unit for the following Mintec Benchmark Prices on 28 February 2023:

The market note for this change was first published on 13 December 2022, following market consultation for several weeks that showed support of the proposed unit change. 
This methodology change brings assessments in line with the typical convention in North America and Asia for the plant-based protein trade. This change will see the Mintec Benchmark Prices (MBP) become even more reflective of the terms of trade in these regions and provide greater transparency and usefulness for benchmarking to market participants. European users of these MBP will still be able to view these prices in kilograms by using the unit conversion function in the Mintec Analytics platform.

Please send any feedback to methodology@mintecglobal.com and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email.