SUBSCRIBER NOTE: Platts launches Thai Hi-Pol sugar forward physical assessments

Platts launches its new forward physical assessments for Thai Hi-Polarization sugar on Monday, October 5, 2015.

The daily assessed curve includes the first three 75-day shipment windows.

The new assessments reflect existing trading patterns where Thai Hi-Pol sugar is traded forward over four 75-day shipment windows. As the calendar year runs, these are March 1 to May 15, May 1 to July 15, July 1 to September 15, and October 1 to December 15.

Platts publishes bids, offers and trades heard in the market for these shipment cycles.

The new forward physical curve creates formal assessments for these windows.

Platts will continue to publish heards gathered from the market and the new assessments add to Platts existing spot Thai Hi-Pol assessments.

The forward physical curve adopts the same underlying terms and conditions reflected in the existing spot assessments.

It reflects a minimum polarization on a wet basis of 98.5 degrees at the time of shipment.

Cargo assessments reflect parcels of 12,000 metric tons, though FOB cargoes of between 8,000 mt and 12,000 mt are considered.

Loading locations FOB Bangkok, Laem Chabang, Koh Si Chang and Sri Racha are considered.

The assessments will roll forward in line with expiry of the ICE Sugar No. 11 Futures monthly contract.

For example, February 29, 2016 -- expiry day for the March Sugar No. 11 Futures contract -- would be the final assessment day for the March-May 2016 shipment window.

On March 1, 2016, the curve would roll forward with May-July 2016 the new front window, July-September 2016 the second window, and October-December 2016 added as the third window.

A roll schedule will be made available in the Sugar Methodology and Specifications Guide in due course.

The assessments are published as a premium to the relevant ICE Sugar No. 11 Futures contract and as an outright price at 4:30 pm London time. The outright price does not include an additional polarization premium.

The assessments are published in the Kingsman Daily Sugar Market Report, on Platts Agriculture Alert and in Platts Market Data.

Thai HiPol Sugar Flat Price First 75-day Window - SGAGD00 Thai HiPol Sugar Flat Price Second 75-day Window - SGAID00 Thai HiPol Sugar Flat Price Third 75-day Window - SGAKD00 Thai HiPol Sugar Inter-Window Spread 1 - SGALD00 Thai HiPol Sugar Inter-Window Spread 2 - SGAMD00 Thai HiPol Sugar Premium First 75-day Window - SGAFD00 Thai HiPol Sugar Premium Second 75-day Window - SGAHD00 Thai HiPol Sugar Premium Third 75-day Window - SGAJD00

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