Mintec proposes to launch new US sugar Mintec Benchmark Prices

All Market Notes 11 January 2023

Mintec is proposing to launch new weekly Mintec Benchmark Prices (MBP) for US granulated cane sugar (Southeast) and beet sugar (Midwest) and is collecting feedback from market participants in the sugar markets until Wednesday, January 25^th, 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 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.

Please send any questions or comments about this market note to methodology@mintecglobal.com by Wednesday, January 25^th and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.

Mintec is proposing to launch this assessment, if supported by the industry, on Wednesday, February 8^th, 2023.

Mintec will acknowledge receipt of all comments by email.