Mintec proposes to launch High Fructose Corn Syrup and Dextrose Mintec Benchmark Prices

All Market Notes 26 July 2023

Mintec is proposing to launch new weekly Mintec Benchmark Prices (MBP) for high fructose corn syrup (42% and 55% dextrose equivalent) as well as dextrose (liquid and dry) and is collecting feedback from market participants in the sweetener markets until Thursday, August 10th, 2023. If supported by the industry, the proposed launch date would be Wednesday, August 30th, 2023.

The proposed specifications for these assessments would be: 

The proposed assessment would reflect the transactable value every Wednesday at 16:00:00 US Eastern time.  

Due to the opaque nature of the US sugar and sweetener industry, reliable benchmarks are difficult to find. The complex nature of the industry, with high levels of trade protectionism and variable input costs, has led to high demand for such benchmarks. These Mintec Benchmark Prices would provide an independent reference point for the industry.

Please send any questions or comments about this market note to methodology@mintecglobal.com by Thursday, August 10th, 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.