Mintec proposes to launch delivered US sugar Mintec Benchmark Prices

All Market Notes 24 April 2023

Mintec is proposing to launch new weekly Mintec Benchmark Prices (MBP) for delivered US granulated cane sugar (Northeast, West Coast) and beet sugar (Northeast, West Coast) and is collecting feedback from market participants in the sugar markets until Monday, May 8th, 2023.   

The proposed specifications for these assessments would be: 

The proposed assessment would 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 would 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 would 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 by Monday, May 8th, 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.