SUBSCRIBER NOTE: Platts changes Thai sugar underlying futures methodology

S&P Global Platts has changed, effective January 24, 2017, the underlying futures values used to calculate Thai sugar outright price assessments.

These underlying futures values are used alongside Platts assessments of Thai sugar premiums for outright price assessments.

Previously, Platts London 16:30 timestamped assessments of ICE Sugar No. 11 and ICE White Sugar (London No. 5) dated the day of the Thai sugar assessments were used for the underlying values.

After this change, the ICE prior day settle values will be used as the underlying value.

This change better aligns the underlying futures values with those used by the Thai sugar trading market.

The change is being made in conjunction with a change to the timestamp for Thai sugar assessments from London 16:30 local time to Singapore 16:30 local time.

Platts publishes assessments of outright prices and premiums over futures for raw and white Thai sugar for spot dates as well as a forward curve for raw sugar.

This change affects the following Platts assessments for outright prices: Assessment Symbol Raw Sugar Thai J-Spec Flat Price SGAAB00 Raw Sugar Thai HiPol Flat Price SGAAD00 White Sugar Containers Thai 45 Flat Price SGADE00 White Sugar Breakbulk Thai 45 Flat Price SGACD00 Thai HiPol Sugar Flat Price First 75-day Window SGAGD00 Thai HiPol Sugar Flat Price Second 75-day Window SGAID00 Thai HiPol Sugar Flat Price Third 75-day Window SGAKD00 Thai HiPol Sugar Inter-Window Spread 1 SGALD00 Thai HiPol Sugar Inter-Window Spread 2 SGAMD00

The symbols for the futures values now used as the underlying for these assessments is as follows:

Sugar No. 11 ICE Futures US Mo01 SPBEY00 Sugar No. 11 ICE Futures US Mo02 SPBEY02 Sugar No. 11 ICE Futures US Mo03 SPBEY03 White Sugar ICE Futures Europe Mo01 SPBEC00

The symbols for the futures values previously used as the underlying for these assessments was as follows: Sugar No. 11 Futures (New York 11) 1630 London Time Assessment Mo01 SGBAE00 ICE Sugar No. 11 Futures (New York 11) 1630 London Time Mo02 SGBFE00 ICE Sugar No. 11 Futures (New York 11) 1630 London Time Mo03 SGBGE00 White Sugar Futures (London 5) 1630 London Time Assessment Mo01 SGBBA00

Platts welcomes all further feedback and questions on the change.

Please send all questions and feedback to asia_ags@spglobal.com with a cc to pricemethodology@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 to the public upon request.