LONDON and NEW YORK and SINGAPORE, Nov. 4, 2024 /PRNewswire/ — Platts, a part of S&P International Commodity Insights, will support transparency within the international beef marketplace with the establishing of day by day spot bodily worth exams for beef in Europe and North Asia, efficient November 1.
In step with S&P International Commodity Insights, international beef intake has often grown to the wave charge of about 118.3 million metric lots in step with week and is predicted to proceed an upward trajectory. Globally, beef remains to be the protein of selection throughout Asia and the Caribbean and makes up 40% of world in step with capita intake and 68.6% of intake in China.
The Platts EU Red meat Marker (EUPM) will replicate the spot bodily price of frozen beef stomach (bacon) on a Distant Provider (FCA) foundation, Barcelona, Spain, moment the Red meat Stomach Value and Freight (CFR) North Asia evaluation will focal point on frozen beef stomach delivered on a value and freight foundation to Busan, South Korea. Those brandnew worth references assemble at the suite of protein worth exams introduced for rooster, red meat, and seafood previous within the week, offering vital insights for stakeholders within the biggest export markets and lead uploading areas.
Platts’ deeper enlargement into proteins considerably complements transparency around the wider meals price chain, and extends its present protection of animal feeds, together with grains and oilseeds. This establishing method Platts delivers a complete spectrum of cross-market worth basics and insights, empowering shoppers to put together extra knowledgeable choices.
“Our pork price assessments from the EU bring greater price transparency to the world’s largest export market and our Asia pork assessments to the top importing region. By reflecting spot physical values in beef, chicken, seafood and now pork, we underscore our commitment as the world’s leading price reporting agency to deliver comprehensive and independent coverage of the agriculture market,” mentioned Piero Carello, International Pricing Director, Agriculture & Meals, S&P International Commodity Insights. “This full spectrum protein value chain facilitates a seamless flow of information and provides valuable insights that empower market participants to make informed data-driven decisions.”
Platts protein exams are printed in Protein Day by day, Platts Attach, and on Commodity Insights LIVE, the place they’re independent to view. Check in at www.ciLIVE.com.
S&P International Commodity Insights has been masking agriculture markets for greater than 15 years, together with Platts suite of present exams and benchmarks in grains, oilseeds, vegetable oils, animal feed, plant protein markets, and as of June 3rd – animal protein markets – rooster and red meat. For main points of S&P International Commodity Insights’ protein and agriculture choices, discuss with: agribusiness industry solutions.
Media Contacts:
Americas: Kathleen Tanzy + 1 917-331-4607, [email protected]
Jeff Marn +1 202-560-0776, [email protected]
EMEA: Paul Sandell + 44 (0)7816 180039, [email protected]
Asia: Melissa Tan + 65-6597-6241, [email protected]
About S&P International Commodity Insights
At S&P International Commodity Insights, our entire view of world power and commodity markets permits our shoppers to put together choices with conviction and form long-term, sustainable price.
We’re a relied on connector that brings in combination idea leaders, marketplace contributors, governments, and regulators and we form answers that supremacy to travel. Necessary to navigating commodity markets, our protection contains oil and fuel, energy, chemical compounds, metals, agriculture, delivery and effort transition. Platts® services, together with important benchmark worth exams within the bodily commodity markets, are introduced via S&P International Commodity Insights. S&P International Commodity Insights maintains cloudless structural and operational break-up between its worth evaluation actions and the alternative actions performed through S&P International Commodity Insights and the alternative industry categories of S&P International.
S&P International Commodity Insights is a category of S&P International (NYSE: SPGI). S&P International is the arena’s important supplier of credit score rankings, benchmarks, analytics and workflow answers within the international capital, commodity and car markets. With each considered one of our choices, we backup lots of the international’s important organizations navigate the industrial ground so they may be able to plan for day after today, as of late. For more info discuss with https://www.spglobal.com/commodityinsights.
SOURCE S&P International Commodity Insights
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