Platts revises futures calculation in the Export price equivalent – ex-works European sugar assessment

Platts has revised the futures calculation in the 'Export price equivalent – ex-works' assessment (SGBCC00), effective July 29.

This follows a proposal note, which was published on June 1 here:

https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/060221-sampp-global-platts-proposes-amendment-to-futures-calculation-in-export-price-equivalent-ex-works-assessment-sgbcc00

A decision note was also published July 1 here:

https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/070121-platts-decides-to-amend-futures-calculation-in-export-price-equivalent-ex-works-european-sugar-assessment

The price was previously calculated using the previous day's London 16:30 timestamped assessment for the front-month contract of ICE White Sugar Futures.

Platts has revised this calculation to reflect the assessment on the same day.

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