Agriculture, Meat

July 02, 2026

Platts to amend EU Pork Marker, CFR Pork Belly North Asia assessments from Aug. 3

Platts, part of S&P Global Energy, will amend the specifications for its EU Pork Marker (EUPMK00, EUPMK03, EUPML00, EUPML03) and CFR Pork Belly North Asia (GPSEB00, GSEB03) price assessments, effective Aug. 3, 2026.

This is based on research and market engagement to ensure alignment with market-standard specifications and to provide greater clarity regarding Platts' pork coverage.

The amendment reflects a timing change to 30 to 60 days, instead of 60 to 90 days, from the date of publication and a minimum shipment size of 24-27 metric tons of net weight, instead of 25-27 mt, for both assessments. The EU Pork Marker's quality specifications will also be updated from "boneless and skinless" to "skinless and sheet-ribbed."

The amendments were first proposed in a subscriber note published June 3, available here.

The specifications amendments are as follows:

Specification Current EU Pork Marker Proposed EU Pork Marker Current CFR Pork Belly North Asia Proposed CFR Pork Belly North Asia
Assessment Name EU Pork Marker (EUPM) EU Pork Marker (EUPM) Pork Belly CFR North Asia Pork Belly CFR North Asia
Quality Frozen pork belly, boneless and skinless Frozen pork belly, skinless and sheet-ribbed Frozen pork belly, skinless and single-ribbed with 5-6 centimeter belly thickness Frozen pork belly, skinless and single-ribbed with 5-6 cm belly thickness
Quantity Minimum one 40-foot refrigerated container of 25-27 mt net weight Minimum one 40-foot refrigerated container of 24-27 mt net weight Minimum one 40-foot refrigerated container of 25-27 mt net weight Minimum one 40-foot refrigerated container of 24-27 mt net weight
Basis and Location FCA Barcelona, Spain, terminal handling charges included FCA Barcelona, Spain, terminal handling charges included CFR Busan, South Korea, terminal handling charges excluded CFR Busan, South Korea, terminal handling charges excluded
Shipment Window 60 to 90 days from publication 30 to 60 days from publication 60 to 90 days from publication 30 to 60 days from publication
Payment Terms Cash against documents Cash against documents Cash against documents Cash against documents
Unit of measurement Eur/mt, and a conversion to $/mt Eur/mt, and a conversion to $/mt $/mt $/mt
Market Close 1630 London 1630 London 1630 Penang 1630 Penang

Please send any comments, feedback or questions to Platts_AgricultureandFood@spglobal.com, copying 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 upon request.