Platts discontinues Thai J-Spec raw sugar assessment

S&P Global Platts has discontinued the FOB Thai J-Spec raw sugar assessment, which reflected Thai raw sugar primarily for the Japanese market, effective January 2, 2020, due to a change in market dynamics.

This follows a proposal note published October 2 - http://plts.co/BuFi30pLxao and a decision note published November 1 – http://plts.co/OQag30pZvrb in which market feedback confirmed that Thai production of J-Spec raw sugar has been on the decline since 2017, and that nearly all of Thai J-Spec export volumes to Japan are now sold on a long-term contract basis, with very little allocated to the spot market.

Platts has discontinued the following assessments from January 2:

Raw Sugar Thai J-Spec Premium (SGAAA00)

Raw Sugar Thai J-Spec Flat Price (SGAAB00)

These prices were published on Platts Agriculture Alert page 2510, in the Platts Kingsman Daily Sugar Market Report and in the Platts price database under the codes above.

Platts will continue to publish assessments for FOB Thai HiPol raw sugar and Thai 45i refined sugar.

Please send any further questions, comments or feedback to asia_ags@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.