SUBSCRIBER NOTE: Platts updates methodology for weekly CNF Antwerp sugar assessment

Following the discontinuation of the freight assessment for South East Brazil (Santos) to Russia (Novorossiisk) for 20,000 mt vessels (code SYCAD00) effective October 3, 2017, S&P Global Platts will update its methodology for the raw sugar delivered CNF Antwerp assessment to a standardized freight value of $28.96/mt, based on the average of the last five years of Platts assessments.

Furthermore, Platts will establish a Black Sea to Antwerp freight calculation at $3/mt, a Center South Brazil containers to Europe freight calculation at $34/mt and finally, a Continental Europe to Antwerp freight rate at $30/mt.

The existing calculation will use the previous day's assessments for Brazil's VHP CS raw sugar premium and the ICE gasoil contract as of 16:30 London time.

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