SUBSCRIBER NOTE: Platts to change ethanol listings in Sugar Market Data from Dec 1

Effective Tuesday, December 1, 2015, Platts has changed the publication schedule of three ethanol and raw sugar equivalent prices available via Sugar Market Data, and also brought the price descriptions in line with the original assessments provided via Biofuels Market Data.

The prices are Brazil ex-mill hyd R$/cu m (SGAEC00), Brazil ETH hydrous (SGAED00), and Brazil ex-mill hyd c/lb (SGBAC00).

These prices appear in the Kingsman Daily Sugar Market Report, on Platts Agriculture Alert page PA0510, and in the Platts Sugar Market Data under the aforementioned symbols.

These three prices are based on ethanol assessments basis 1415 Houston time, which are published the previous day via the Biofuels Market Data package.

Those assessments are Hydrous ANP Domestic Ex-mill Ribeirao with taxes (Real/cu m) (AAXNQ00), Hydrous ANP FOB Santos/Paranagua (AAXNR00), and Raw Sugar equivalent (basis 96 degrees pol) (cents/lb) (AAXOA00).

Under the change, the assessments will be made available via Sugar Market Data on the same day the assessments are published via Biofuels Market Data.

Under the previous approach, Brazil ex-mill hyd R$/cu m (SGAEC00) and Brazil ETH hydrous (SGAED00) were published one day after the respective original assessments Hydrous ANP Domestic Ex-mill Ribeirao with taxes (Real/cu m) (AAXNQ00) and Hydrous ANP FOB Santos/Paranagua (AAXNR00).

Brazil ex-mill hyd c/lb (SGBAC00), which reflects a raw sugar equivalent price in US cents/lb based on Hydrous ANP Domestic Ex-mill Ribeirao with taxes (Real/cu m) (AAXNQ00), was also published with a one-day time-lag.

This calculated price used the same underlying calculation as that used for the Raw Sugar equivalent (basis 96 degrees pol) (cents/lb) (AAXOA00).

Under the new approach, that assessment will be made available on the same day under Brazil ex-mill hyd c/lb (SGBAC00) to address fluctuations in the US dollar/Brazilian Real.

The last change sees the three prices available via Sugar Market Data assume the name descriptions of the original assessments.

Summary

Biofuels Market Data Sugar Market Data

Description Symbol Symbol Old Description

Hydrous ANP Domestic AAXNQ00 SGAEC00 Brazil ex-mill hyd Ex-mill Ribeirao R$/cu m with taxes (Real/cu m)

Hydrous ANP FOB AAXNR00 SGAED00 Brazil ETH hydrous Santos/Paranagua

Raw Sugar equivalent AAXOA00 SGBAC00 Brazil ex-mill hyd (basis 96 degrees pol) c/lb (c/lb)

Note: Sugar Market Data descriptions now reflect originals in Biofuels Market Data (left).

Please send any questions to support@platts.com with a cc to sugar_pricing@platts.com.