SUBSCRIBER NOTE: Platts moves to weekly basis for two European sugar prices

Platts has moved to weekly assessments of Export (Premium to Ldn 5) - FOB Antwerp and European export equivalent ex-works. The first weekly assessment will be published April 10, 2015.

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

The Export (Premium to Ldn 5) - FOB Antwerp assessment is established as an indicator of out-of-quota white sugar exported on a FOB basis from the location of Antwerp. It reflects EU 45 ICUMSA white sugar of standard quality and a maximum ICUSMA of 45 and meeting EEC No 2. The assessment is published as a premium to the ICE White Sugar Futures front-month contract.

This assessment appears on Page FS2505, in the EU Sugar Weekly Report and EU Sugar Monthly Report, and will continue to be found in the Platts price database under symbol code SGBCB00.

European export equivalent ex-works 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 assessment appears on Page FS2505, in the EU Sugar Weekly Report and EU Sugar Monthly Report, and will continue to be found in the Platts price database under symbol code SGBCC00.

Please send any comments or questions by to europe_ags@platts.com and pricegroup@platts.com.