Following a period of positive market feedback, Mintec will launch new weekly Mintec Benchmark Prices (MBP) for high fructose corn syrup (42% and 55% dextrose equivalent) as well as dextrose (liquid and dry). The launch date for these series will be Wednesday, August 30th, 2023.
The specifications for these assessments are:
Please note that the series codes for the three series highlighted above in bold have changed from the initial proposal note.
The assessments will reflect the transactable value every Wednesday at 16:00:00 US Eastern time.
Due to the opaque nature of the US sugar and sweetener industry, reliable benchmarks are difficult to find. The complex nature of the industry, with high levels of trade protectionism and variable input costs, has led to high demand for such benchmarks. These Mintec Benchmark Prices will provide an independent reference point for the industry.
Please send any questions or comments about this market note to methodology@mintecglobal.com, clearly stating 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.
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