Mintec to change native currency of six cocoa MBPs to Euro

All Market Notes 01 March 2021

Mintec will change the native currency for the following Mintec Benchmark Prices, effective 22 March 2021:

The changes were first proposed in a market note published on 11 February 2021. Mintec received no opposing feedback to this market note during the consultation period.

All assessments that are to have their currency changed are assessed on an ex-works basis in Western Europe, with the majority of trade happening in and around the Netherlands. Therefore, publishing these assessments in EUR/mt will more closely reflect the price levels being heard in the market and minimise exchange rate volatility.

This currency change will also affect all historical pricing on these series, meaning that those clients using the Excel API set up to download prices in their default currency will also change to Euro. If this may potentially be an issue for you, please reach out to us with ample time before the implementation so that we can work on a solution together with you.

These changes are brought about in an effort to increase Mintec’s offering to its clients by offering greater transparency to our ways of working.

Please send any feedback to Methodology@mintecglobal.com 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.