Expana proposes to launch several Fruit & Vegetable Expana Benchmark Prices

Expana is proposing to launch 15 monthly Expana Benchmark Prices (EBP) for the North American IQF markets covering raspberries, blackberries, bananas, blueberries, mangoes, onions, and peaches. Expana is collecting feedback on this proposal 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 Eastern Standard time. 

The proposed assessments complement Expana’s existing coverage for the North American IQF markets and cover commonly traded produce items in the category. The proposed launches would increase transparency in a traditionally opaque market, providing additional independent and reliable benchmarks for commonly traded items in the category. 

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.