Mintec has launched three new European cocoa product ratio assessments

All Market Notes 22 December 2021

Mintec has launched three new weekly Mintec Benchmark Prices assessments for European cocoa product ratios, effective 22 December 2021.

The proposal was initially announced in a market note published on 17 November which can be found here, and the decision was announced in a market note published on 6 December which can be found here.

The assessments, including their specifications, are:

The assessments reflect implied ratio values on the basis of the weekly assessments of the physical cocoa products in question, as well as the last traded futures value specified above, as close as possible to 15:59:59 UK time. For example, this means that the spot ratio for cocoa butter uses the Mintec Benchmark Prices assessment for Cocoa Butter EXW Europe [Mintec Code: COBS], divided by the last traded value as close as possible to 15:59:59 each Wednesday for the London ICE Cocoa front month price, with the COBS price converted to GBP using the spot rate as close as possible to 15:59:59 UK time.

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.