Mintec proposes to launch new EU Pork Compound Feed Index Mintec Benchmark Prices

All Market Notes 31 August 2023

Mintec is proposing to launch an index Mintec Benchmark Prices (MBP) for EU pork compound feed and is collecting feedback from market participants in the animal feed markets until Thursday 14th September 2023. If the industry supports this proposal, Mintec suggests launching this assessment on Friday, 29th September 2023.

The proposed specification for this assessment would be as below:

The proposed assessment would reflect the transactable value at 16:00:00 London time

The proposed index assessment will use a basket of underlying Mintec Benchmark Prices, based on a typical blend for pork feed production, to provide a reference price for the raw material cost of compound feed.

The proposed weightings are as follows 35.5% feed wheat, 21.5% feed corn, 21.5% feed soymeal and 21.5% feed barley.
The assessment would be rounded to the nearest Euro cent using the rule that decimals of four (4) or less round down, and decimals of five (5) or above round up, e.g. €1.744 will be rounded to €1.74, and €1.755 will be rounded to €1.76.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Thursday, 14th September 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.