Mintec Proposes to Launch New Mintec Benchmark Prices (MBP) for US Almonds

All Market Notes 30 January 2023

Mintec is proposing to launch new weekly Mintec Benchmark Prices for US origin Carmel Type Almond Kernels, effective 2 March 2023. Mintec is collecting feedback on this proposal from any market participants until 13 February 2023.

The proposed assessments would reflect the transactable value at 16:00 London time for the prices of a 40ft container of almonds on a per pound basis.

Mintec already assesses Mintec Benchmark Prices for Carmel Type Supreme 23/25 & 27/30, which are larger and smaller in size to the proposed assessment. The proposed assessment would complement Mintec’s existing offering and provide additional transparency into the price differentials between almonds of differing sizes, due to the increased granularity offered to market participants. This is particularly important due the ongoing droughts in California which have reduced the proportion of US almonds growing to larger sized kernels.

Please send any feedback on this proposal to Methodology@mintecglobal.com by Monday 13 February, 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.