Platts clarifies European sugar basis, updates incoterm

Effective March 1, S&P Global Platts will be amending the name of the European sugar assessment "IPR – 45ic imports in containers – CNF" to "IPR – 45ic imports in containers – CFR".

This change, which follows a proposal published on Nov. 27, 2020 here (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/112720-sampp-global-platts-seeks-feedback-on-european-sugar-methodology) will allow the assessment to reflect the typical incoterm used in the market.

Please send all comments, feedback and questions to ags@spglobal.com and pricegroup@spglobal.com.

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