LONDON/LAUSANNE,---Kingsman, a specialist provider of sugar and biofuels information and analytics and a unit of Platts, today announced the expansion of its suite of price references for the global sugar market to include nearly a dozen outright price assessments for raw and white sugar exported from Brazil, Thailand and the European Union.
The new outright price assessments supplement Kingsman’s existing offering of raw and white sugar premiums, which reflect the price differential between the spot cash value and front-month futures contracts.
“By offering the sugar industry a choice of reference, we’re making it easier for them to address various workflow needs with a single, independent source of both outright price assessments and futures differentials,” said Jonathan Kingsman, founder of Kingsman and now Global Director for Agriculture at Platts.
Kingsman, a leading source of commodity price references for more than two decades, was acquired in 2012 by Platts, a leading global provider of energy, petrochemicals and metals information.
The new offering includes four new outright price assessments for raw sugar and seven new outright price assessments for white sugar.