The price of Thai Hi-Polarization Sugar

Platts Thai sugar price assessments are based on robust and transparent market data that includes, but is not limited, to firm bids and offers, expressions of interest to trade and confirmed trades reported across the trading day.

Thai Hi-Pol sugar assessments are assessed in US cents per pound (c/lb) and reflect the tradable and repeatable spot market value at 1630 London time. The assessments are published as premiums to the front-month ICE Sugar No. 11 Futures (New York #11), and as an outright price. Platts Thai Hi-Pol assessments do not include a polarization premium.

Platts gathers price data from a wide segment of the market, including sugar producers, traders, brokers, and consumers.

Data collected by Platts is published in full on our real time service Platts Agriculture Alert and is summarized in our daily publication Kingsman Daily Sugar Report.

Platts publishes four unique assessments for Thai sugar: two are for raw sugar, the main type of sugar produced in Thailand, and two for white sugar, which is produced in smaller quantities and is mainly used locally, with the surplus exported.

Platts acquired Kingsman in October 2012 to help boost their product offerings in the Agriculture markets, and Kingsman have been publishing premiums for the European sugar market for more than 20 years.

Some of the earliest daily reports written by Kingsman's eponymous founder, Jonathan Kingsman, contained bids, offers and trades heard in the marketplace.

The portfolio of prices has since then expanded to provide a range of assessments on both a premium and flat price basis to the Sugar No. 11 Futures (New York #11) contract.

We continuously work with key industry stakeholders to ensure that our price assessments evolve in step with changing market conditions. Platts regularly holds methodology forums, webinars and one-to-one meetings to exchange views on the future of sugar both in this region and globally.