Subscriber Note: Platts to increase frequency of EU export equi ex-works sugar assessment

Effective April 3, 2015, Platts will assess its European export equivalent ex-works sugar assessment on a weekly basis. It is currently assessed on a monthly basis.

This assessment is established as an indicator of out-of-quota white sugar available for export ex-works from within Europe.

The value is established by taking the 1630 London time assessment for the ICE White Sugar Futures (London 5) front-month contract in US $/mt, plus the assessed FOB Antwerp premium in US $/mt. That value expressed in a US $/mt format is then converted into an Eur/mt value using the daily assessed USD/Eur exchange rate. From that value, Eur30 is subtracted, which is an average cost to bring sugar to Antwerp from mills across Continental Europe. The freight component is subject to change depending on market fundamentals.

This follows the launch of the EU Sugar Weekly, a new publication providing pricing and news information on the regional sugar market.

This assessment appears on Platts Agriculture Alert service Page PA1512, and will continue to be found in the Platts price database under symbol code SGBCC00.

Please send any comments or questions by March 13, 2015, to europe_ags@platts.com and pricegroup@platts.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.

http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpec s/sugar_methodology.pdf