METHODOLOGY: Platts proposes to discontinue World Spots sugar prices Apr 1

S&P Global Platts proposes to discontinue its World Spots sugar prices, and related assessments, with effect from April 1, 2020.

The World Spots are calculated daily to provide a value indication at 11:00 am London time for Brazil raw sugar on an FOB basis as well as on a CFR basis to the Black Sea, and for Brazil white sugar on an FOB basis. As a result, Platts is also proposing to discontinue the publication of the ICE Sugar No.11 Futures value at 11:00 am London time which is used in the calculation of the World Spots, and the ICE White Sugar Futures value at 11:00 am London time.

In addition, Platts is also proposing to discontinue its weekly Raw Sugar CNF Antwerp price, which is assessed at 4:30 pm London time every Friday. This price represents the value of raw Brazilian sugar delivered into Antwerp, and is calculated by adding a fixed cost to account for freight to the Raws C&F World Spots price.

The proposed discontinuations reflect an evolution of the global sugar market, with Brazilian sugar no longer typically being shipped to Europe and the Black Sea. Typical destinations for raw sugar from Brazil now include the Middle East, North and West Africa, and East Asia.

Platts will continue to publish price assessments for Brazil raw sugar and Brazil white sugar on an FOB basis at the 4:30 pm London close. Platts will also continue to publish assessments of front month ICE White Sugar Futures and front month ICE Sugar No.11 Futures at the 4:30 pm London close.

The proposed discontinuations will affect the following:

Daily Assessments:

• Raws Fobs (SGAEE00)

• Raws C&F (SGBAA00)

• White 150s Fobs (SGBAB00)

• White Sugar Futures (London 5) 11:00 (SPBED00)

• Sugar No.11 Futures (New York 11) 11:00 (SPBEZ00)

Weekly Assessment:

• Raw Sugar CNF Antwerp (SGBCA00)

All of the daily assessments are published on Platts Agriculture Alert page 510, and in the Platts price database under the codes above. The three World Spots daily sugar prices are also published in the Kingsman Daily Sugar Market Report.

The weekly assessment is published on Platts Agriculture Alert page 1432, in the Kingsman EU Sugar Market Report, and in the Platts price database under the code above.

Please send all questions and feedback by January 17, 2019 to europe_ags@spglobal.com and pricegroup@spglobal.com

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 to the public upon request.