Mintec to launch new US IQF Fruit Mintec Benchmark Prices

All Market Notes 13 April 2023

Following a period of market feedback, Mintec will launch monthly Mintec Benchmark Prices (MBP) for  IQF Blueberry, IQF Raspberry and IQF Blackberry, effective from Friday, April 28^th, 2023. The initial proposal was communicated in a market note which can be found here. 

The new 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, raspberries and blackberries are some of the most commonly traded frozen fruits. Mintec’s offering of reliable and transparent pricing for this market will have a significant, positive impact on market transparency and indeed an increasing market value is raising 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.