Mintec has launched delivered US beet and cane sugar Mintec Benchmark Prices

All Market Notes 25 May 2023

Mintec has launched additional weekly Mintec Benchmark Prices (MBP) assessments for delivered US beet and cane sugar effective Thursday, May 25th, 2023.

The initial proposal to launch these assessments was announced in a market note published on April 24th, 2023, and can be found here. The decision to go ahead with the launch was communicated in a market note on May 9th, 2023, and can be found here.

The full specifications for the assessments are as below:

 

The assessment will reflect the transactable value every Thursday at 16:00:00 US Eastern time. 

Due to the opaque nature of the US sugar industry, reliable benchmarks are difficult to find. The complex nature of the industry, with high levels of trade protectionism and variable input costs, coupled with the large size of volume traded and importance of sugar as a key commodity for many businesses, has led to high demand for such a benchmark. These Mintec Benchmark Prices will provide an independent reference point for the industry. In addition to the existing MBP for US sugar, which are assessed on a spot and contract basis, these new benchmarks will provide further clarity on delivered prices to regions throughout the United States. 

Please send any questions or comments about this market note 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.