Mintec proposes to launch Serbian IQF Raspberry & IQF Blackberry Mintec Benchmark Prices

All Market Notes 31 August 2023

Mintec is proposing to launch five monthly Mintec Benchmark Prices (MBP) for Serbian IQF raspberries and one IQF blackberry (MBP) and is collecting feedback from market participants in the IQF fruit markets until Thursday, 14th September 2023.  

Mintec is proposing to launch these assessments, if supported by the industry, on Friday, 29th September 2023.

The proposed specifications for these assessments would be as below:  

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

Serbia is a major exporter of IQF berries supplying volumes into both the US & Europe. The proposed assessments would provide Mintec subscribers an independent benchmark for Serbian IQF berries in what is traditionally a very opaque market. Mintec’s proposed offering of reliable and transparent pricing for this market would have a significant, positive impact on market transparency. 

Please send any feedback on this proposal to Methodology@mintecglobal.com by Thursday 14th September 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.