Mintec proposes to launch new Ukrainian Corn Mintec Benchmark Prices

All Market Notes 20 December 2022

Mintec is proposing to launch new weekly Mintec Benchmark Prices (MBP) for Ukrainian corn and is collecting feedback from market participants in the grains markets until Friday, 13th January 2023.

If the industry supports this proposal, Mintec suggests launching this assessment on Friday, 3rd February 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.

Ukraine is one of the world's most significant agricultural producers and exporters and plays a vital role in supplying corn to the global market, representing approximately 14% of the global export share (before the Russia-Ukraine war). Therefore, the launch of this assessment would give users greater clarity in understanding price movements in this important, yet opaque, market.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by
Friday, 13th January 2023 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.