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

Following the discontinuation of the freight assessment for Southeast Brazil (Santos) to Russia (Novorossiysk) for 20 kt vessels (code SYCAD00) effective October 3, 2017, S&P Global Platts has updated 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 has established 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 has now been updated to 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.

Platts welcomes any further comments to europe_ags@spglobal.com and pricegroup@spglobal.com.

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