On July 12, 2016, Platts launches two new forward physical assessments for Brazil Center-South raw granulated cane sugar of standard VHP.
Platts would assesses two additional forward calendar month loading periods, giving a total of three forward month assessments; front-month, second-month and third-month.
In line with Platts current methodology the assessments would roll to the following calendar month on the 11th of each calendar month unless that day is not a business day, in which case the assessment rolls over on the next business day. For example, on April 8, Platts would assess Brazil CS VHP for loading over April, May and June. On April 11 this would roll to May, June and July.
The assessments would be published as a premium to the relevant ICE Sugar No. 11 Futures contract and as an outright price at 1630 London time.
Other assessment parameters would reflect the current Brazil CS raw sugar VHP assessment methodology including quality of minimum polarization of 99? And maximum 99.49? at time of shipment, cargo location basis FOB Santos, typical cargo size of 50,000 mt and a loading rate as 10,000 mt per weather working day.
Data Sources: Platts | Effective Date: July 12, 2016