SUBSCRIBER NOTE: Platts to assess FAS Antwerp basis for Containers EU 45 sugar

Platts will change its daily Containers EU 45 sugar assessment to reflect shipments from the port of Antwerp on an FAS (Free Alongside Ship) basis, effective October 28, 2015. This would replace the current FOB (Free On Board) basis.

Indications for sugar traded in containers for other locations within the Hamburg-to-Rouen region would still be considered for the assessment, but would be normalized to bring them in line with Antwerp.

The assessment is published as a premium to the ICE White Sugar Futures front-month contract and as an outright price at 1630 London time.

From October 1, 2017, the abolition of quotas could result in higher volumes exported from the EU to the world market. In that context, Platts believes the role of a daily-assessed price for sugar exported in containers will assume greater importance.

The assessments appear in the Kingsman Daily Sugar Market Report, EU Sugar Weekly, on Platts Agriculture Alert page PA1430, and in Platts Market Data under symbols SGAEA00 and SGAEB00.

The change to FAS basis would also apply to the weekly Export (Premium to Ldn 5) FOB Antwerp assessment, pending discontinuation of that assessment effective March 2, 2016.

This assessment appears in the EU Sugar Weekly, on Platts Agriculture Alert page PAA PA1432, and in Platts Market Data under symbol SGBCB00.

Platts invites questions and feedback to europe_ags@platts.com by October 26, 2015.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.