S&P Global Platts seeks feedback on European sugar methodology

S&P Global Platts would like to invite feedback on its European sugar methodology, particularly on volumes for spot trades for the Western Europe, Mediterranean Europe and EU country assessments.

Currently, indications from 200 mt to 5,000 mt may be considered in the assessment, with the assessment normalized to reflect sugar delivered on a 3,000 mt to 5,000 mt size.

These assessments are under the following codes:

Western Europe – delivered SGBBB00

Mediterranean Europe – delivered SGBBD00

Germany – delivered SGAEG04

France – delivered SGAEH04

Netherlands – delivered SGAEJ04

Belgium – delivered SGAEK04

UK – delivered SGAEF04

North Italy – delivered SGAEL04

South Italy – delivered SGAEM04

Spain – delivered SGAEN04

Greece – delivered SGAEP04

Platts would like to clarify that the above assessments reflect a breakbulk basis.

Following initial feedback on current market practices, Platts proposes changing the name for the code SGBBE00 from 'IPR – 45ic imports in containers – CNF' to 'IPR – 45ic imports in containers – CFR' in order to update the incoterm.

Platts would welcome feedback on the above as well as any other topic relevant to its European sugar methodology.

Platts European sugar specifications can be found in pages 6-7 of the methodology document: https://www.spglobal.com/platts/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/sugar_methodology.pdf

Please send all comments, feedback and questions to ags@spglobal.com and pricegroup@spglobal.com by Jan. 29, 2021.

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.