Platts launches daily pork price assessments for EU exports, North Asia imports

Platts, part of S&P Global Commodity Insights, has launched daily price assessments for pork in the EU and Asia, effective Nov. 1.

Platts' pork price assessment from the EU brings price transparency to the largest export market globally, while Asia is the top importing region. The new assessments bring increased transparency to the global pork market and complement Platts' existing protein coverage for beef, chicken and shrimp markets.

EU Pork Marker (EUPM)

The EU assessment -- EU Pork Marker -- reflects the value of frozen pork belly, skinless and boneless, loaded in 40-foot refrigerated containers of 25-27 mt net weight delivered FCA Barcelona, Spain. The assessment reflects the value of a minimum of one full container. Typical payment terms are cash against documents. Platts assesses prices for product loading 60-90 days forward from the date of assessment.

The EU Pork Marker is assessed daily in Eur/mt as an outright price and published under the symbol EUPML00, with a monthly average to be published under the symbol EUPML03. Platts also publishes a conversion to US dollars per metric ton using the relevant Eur/$ exchange rate (AAFCW00). The EU Pork Marker in $/mt will be published under the symbol EUPMK00 and the monthly average will be published under the symbol EUPMK03. The assessments reflect a 4:30 pm London time stamp and follow the London publishing calendar.

Pork Belly CFR North Asia

The North Asia assessment -- Pork Belly CFR North Asia -- reflects the value of frozen pork belly, skinless, boneless, single-ribbed, 5-6 cm belly thickness, loaded in 40-foot refrigerated containers of 25 -27 mt net weight and delivered CFR Busan, South Korea. The assessment reflects the value of a minimum of one full container.

Platts assesses prices for product loading 60-90 days forward from the date of assessment.

The Pork Belly CFR North Asia assessment is published in $/mt as an outright price under the symbol GPSEB00. A monthly average will be published against the symbol GPSEB03.

Market close

The assessments are based on bids, offers, trades and market activity reported to Platts before these market close timings and follow the holiday schedules below:

A summary of the new assessments is as follows:

Platts protein assessments are published in Protein Daily, Platts Connect and on Commodity Insights LIVE, where they are free to view. Register at www.ciLIVE.com.

Please send any comments or feedback to MRTS_agricultureandfood@spglobal.com and pricegroup@spglobal.com.

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