Platts launches new Asia Pork Belly price assessment Aug 3

Platts, part of S&P Global Energy, has expanded its Asia pork assessments to include a new Pork Belly (Sheet-ribbed) CFR North Asia assessment, effective Aug. 3, 2026.

The new assessment complements Platts' existing "field-to-fork" coverage in the Asia-Pacific, which includes the Pork Belly (Single-ribbed) CFR North Asia assessment, and provides additional transparency into the global animal proteins market.

The assessment reflects the daily spot value of frozen, sheet-ribbed, skinless pork bellies delivered into Japan on a CFR basis.

The assessment specifications are as follows:

Assessment name: Pork Belly (Sheet-ribbed) CFR North Asia

Symbol: GPSEC00

Monthly Average Symbol: GPSEC03

Basis and location: CFR Tokyo, Japan, excluding terminal handling charges

Quality: Frozen pork belly, skinless and sheet-ribbed

Quantity: One 40-foot refrigerated container load of 24-27 mt net weight

Timing: Product shipped 30-60 days from the date of publication

Payment terms: Cash against documents

Unit of measurement: US dollars per metric ton ($/mt)

Market close: 4:30 pm Penang, Malaysia time

The launch follows a proposal published June 4 in the subscriber note here, and a decision published July 6 confirming the launch here.

The assessment is published on fixed pages PAA0100, PAA0241, PAA0242, PAA0243, and PAA1500, in Platts Web, Platts Protein Daily, and in Energy Core.

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.