Furthers Transparency Across the Food Value
Chain
- Platts Protein Daily Aimed at Beef
& Poultry Buyers, Sellers, Processors in Americas, Asia & Middle
East -
SINGAPORE and LONDON and NEW YORK , June 3, 2024
/PRNewswire/ -- Platts, part of S&P Global Commodity Insights,
has launched new bulk-market price assessments for poultry and
beef markets in the Americas, Asia
and Middle East. These new daily
assessments further expand the coverage of the agriculture markets
from S&P Global Commodity Insights, the leading independent
provider of information, data, analysis, benchmark prices and
workflow solutions for the commodities, energy and energy
transition markets.
The new price assessments will be available via the newly
launched Platts Protein Daily, which will include
news, insights and market fundamentals that inform those
assessments.
Piero Carello, Global Pricing
Director, Agriculture & Food, S&P Global Commodity
Insights, said: "We're excited to be expanding to
proteins, with seven new price assessments that will bring much
needed transparency to the wider value chain of our animal feeds
coverage of grains and oilseeds, allowing us for the first time to
provide the broader spectrum cross-market price fundamentals and
insights."
Platts Protein Daily will include a new
global suite of poultry price assessments for the key cuts of one
of the world's most accessible proteins, chicken, as well as daily
price assessments for beef for Brazil, the United
States and Australia:
- Platts US Chicken Marker (USCM): a daily value in US
dollars per metric ton ($/mt) of the chicken leg on a free carrier
(FCA) basis the United States,
port of Savannah, Georgia.
- Platts Chicken Leg CFR North Asia: a daily value
in $/mt of chicken leg delivered to North
Asia, Tokyo port in
Japan, on a cost and freight (CFR)
basis.
- Platts Chicken Breast CIF Middle East: a daily value in
$/mt of the chicken breast delivered to the Middle East, Jebel Ali port, UAE, on a cost,
insurance and freight (CIF) basis.
- Platts Chicken Leg FCA Brazil: a daily value
in $/mt of the chicken leg on CFA basis Brazil, port of Paranagua.
- Platts Brazil Beef Marker (BBM): a daily value in
US dollars per metric ton ($/mt) of the front forequarter of eight
cuts (chuck ribs, chuck roll, chuck tender, neck, oyster bade,
shoulder blade, brisket and shin) on an FCA basis, Santos,
Brazil.
- Platts 90CL Beef CIF US: a daily value in $/mt of
manufacturing beef, 90% chemical lean (90CL), deboned, boxed and
frozen on a CIF basis, Philadelphia, Pennsylvania.
- Platts 90CL Beef FCA Australia: A daily value in $/mt of
manufacturing beef, 90% chemical lean, deboned, boxed and frozen on
an FCA basis, Brisbane.
Dave Ernsberger, Head of
Market Reporting & Trading Solutions, S&P Global Commodity
Insights, said: "Per-capita consumption of proteins is on
the rise and our expansion in protein further demonstrates our
commitment to serve the ever-evolving needs of this market. We are
not only adding price assessments for key markets, we are also
building out analytics services to help better inform the supply
and demand fundamentals that will inform prices going
forward."
Global chicken production is set to increase 8.97% by
2029, according to S&P Global Commodity Insights
analyst forecasts, with the most notable increases of 11.48% in
Asia, 8.99% in Europe, 10.39% in Latin America and 2.43% in the US.
Meanwhile, global beef production by 2029 is expected to rise an
average 7.26%, with the most notable increases in Asia at 10.67%, Latin America at 9.32%, Oceania at 7.04% and
US at 5.54%, which will more than offset the decline of 3.77% in
the European Union. On a world per-capita consumption basis,
beef is headed for a 4.2% rise by 2029 and chicken meat for a 3.9%
rise as global wealth increases and consumer demand shifts to a
more protein-rich diet.
Today's chicken and beef price assessments are aimed at aiding
all involved in the related agriculture supply chain, including
farmers, producers, traders, processors, and end users.
For more details on the protein price assessments and price
assessment processes, consult Platts specifications and methodology
guidelines.
Platts Protein Daily will be accessible via
S&P Global Commodity Insights products, platforms and services,
including such as: S&P Global Commodity Insights
Live and Platts Connect.
S&P Global Commodity Insights has been covering agriculture
markets for more than 15 years, including Platts suite of existing
assessments and benchmarks in grains, oilseeds, vegetable oils,
animal feed & plant protein markets. For details of
S&P Global Commodity Insights' protein and agriculture
offerings, visit: agribusiness industry solutions.
Media Contacts:
Americas: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039, paul.sandell@spglobal.com
Asia: Melissa Tan
+ 65-6597-6241, melissa.tan@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global
energy and commodity markets enables our customers to make
decisions with conviction and create long-term, sustainable
value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition.
Platts® products and services, including leading
benchmark price assessments in the physical commodity markets, are
offered through S&P Global Commodity Insights. S&P Global
Commodity Insights maintains clear structural and operational
separation between its price assessment activities and the other
activities carried out by S&P Global Commodity Insights and the
other business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodityinsights.
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