Expana proposes to launch grape juice concentrate Expana Benchmark Prices

Expana is proposing to launch 4 monthly Expana Benchmark Prices (EBP) for grape juice concentrate and is collecting feedback from market participants until Friday 13th September 2024. 

If the industry supports this proposal, Expana suggests launching the monthly assessments on Monday, 30th September 2024. 

The proposed specifications for the assessments would be as below: 

The proposed assessments would reflect the transactable value at 16:00:00 London time. 

The proposed assessments cover major producing regions and exporters for grape concentrate. The European grape juice market has an estimated annual consumption exceeding 1 million tonnes, driven by strong demand for natural ingredients in food and beverages. Spain and Italy are the largest producers in Europe, while Argentina is a key exporter to the region. Launching these assessments would complement Expana’s existing juice coverage and would provide Expana subscribers with a set of reliable and independent price benchmarks for what is a highly consumed product in a traditionally opaque market. 

If you have any feedback or suggestions on this proposal, please send this to [email protected] by Friday 13th September 2024. and clearly state which market note your comments relate to, and if comments are intended for publication by Expana. 

Expana will acknowledge receipt of all comments by email.