Platts decides to amend DDP Germany sugar assessment

Platts, part of S&P Global Commodity Insights, will amend the basis location of its DDP Germany sugar assessment effective Feb. 1, 2024.

This follows a proposal note which was launched on Nov. 1 and extended to Dec. 14, which can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/111523-platts-proposes-amendment-to-ddp-germany-sugar-assessment

This move means that the DDP Germany sugar assessment will be updated to reflect ExWorks Northwest Europe, with the assessment reflecting sugar from Germany, France, the Netherlands and Belgium, often referred to as the "beet belt".

The name of the assessment will reflect the new basis: EXW Northwest Europe.

Platts will also update the quantity reference to reflect basis bulk sugar, considering 1,000 to 5,000 mt. Other volumes can be considered and may be normalized back to the reference volume range.

In addition, Platts will publish the weekly EXW NWE assessment (SGAEG04), weekly UK delivered (SGAEF04) and North Italy delivered (SGAEL04) sugar prices to a Thursday market on close, rather than Friday, in line with Platts global sugar prices.

Platts will also add weekly market commentaries for the physical sugar markets in Asia, Brazil and Europe to be published on Platts Connect and the Global Sugar Market report.

Please submit any feedback, comments, or questions to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.

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