Platts proposes amendment to freight calculation in the Export price equivalent ex-works European sugar assessment

S&P Global Platts proposes an amendment to the freight calculation in the Export price equivalent ex-works assessment (SGBCC00).

The assessment is calculated using a price of Eur30/mt for freight, which is described in the methodology and specifications guide as an average cost to bring sugar to Antwerp from mills across Continental Europe. Platts proposes to remove the fixed nature of the freight cost, allowing the freight value to be amended on an ongoing basis.

Platts also proposes specifying mills in Northwest Europe instead of mills across Continental Europe, following market feedback.

Please send all comments, feedback and questions to ags@spglobal.com and pricegroup@spglobal.com by June 30, 2021. 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.