Mintec has launched US beet and cane sugar contract Mintec Benchmark Prices

All Market Notes 29 March 2023

Mintec has launched additional new weekly Mintec Benchmark Prices (MBP) assessments for US beet and cane sugar contracts effective Wednesday, March 29th, 2023.  

The initial proposal to launch these assessments was announced in a market note published on February 24th, 2023, and can be found here.  The decision to go ahead with the launch was communicated in a market note on March 13th, 2023, and can be found here.  

The full specifications for the assessments are as below:

 

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 industry, reliable benchmarks are difficult to find. The complex nature of the industry, with high levels of trade protectionism and variable input costs, coupled with the large size of volume traded and importance of sugar as a key commodity for many businesses, has led to high demand for such a benchmark. These Mintec Benchmark Prices will provide an independent reference point for the industry. In addition to the existing MBP for US sugar, which are assessed on a spot basis, these new benchmarks will provide further clarity on 12-month contract pricing, a common feature of 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.