Mintec to launch additional US IQF Blueberry Mintec Benchmark Prices

All Market Notes 14 June 2023

Following a period of market feedback, Mintec has decided to launch additional Mintec Benchmark Prices for US IQF Blueberries. The publication of the assessments will start on Friday, June 30^th, 2023.  

The initial proposal was announced in a market note published on May 30^th, 2023, and can be viewed here.  

The full specifications for the assessments are as below:

The assessment will reflect the transactable value on the last business day of each month at 16:00:00 US Eastern time.    
 
Due to lack of transparency in the processed fruit industry, reliable benchmarks for this market are opaque. US frozen fruit sales reached $1.5 billion in 2021/22, with sales of frozen produce expected to continue growing. Frozen blueberries are commonly traded frozen fruits. Mintec’s offering of reliable and transparent pricing for this market will have a significant, positive impact on market transparency. Increasing market value and volume traded are fostering the need for transparent price benchmarks according to market comments provided to Mintec. These new Mintec Benchmark Prices will address this issue and provide an independent reference point for the industry. 

Please send any questions or comments about this market note 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.