Mintec proposes launching additional US IQF Blueberries Mintec Benchmark Prices

All Market Notes 30 May 2023

Mintec is proposing to launch three new IQF Blueberry Mintec Benchmark Prices (MBP) and is collecting feedback from participants in the fruit markets until Wednesday, June 14^th, 2023.  

The proposed specifications for these assessments would be:

The proposed assessment would reflect the transactable value on the last business day of each month at 16:00:00 US Eastern time. 

Due to lack of transparency in the processed fruit industry, reliable benchmarks for this market are opaque. US frozen fruit sales reached $1.5 billion in 2021/22, with sales of frozen produce expected to continue growing. Frozen blueberries are commonly traded frozen fruits. Mintec’s offering of reliable and transparent pricing for this market would have a significant, positive impact on market transparency. Increasing market value and volume traded are fostering the need for transparent price benchmarks according to market comments provided to Mintec. The proposed Mintec Benchmark Prices would address this issue and provide an independent reference point for the industry.

Please send any questions or comments about this market note to methodology@mintecglobal.com by Wednesday, June 14th, 2023 and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.

Mintec is proposing to launch this assessment, if supported by the industry, on Friday, June 30th, 2023.

Mintec will acknowledge receipt of all comments by email.