Feedinfo, which merged with the Mintec Group in January 2023 to form the world’s largest agri-food PRA, is proud to once again achieve third-party assurance of IOSCO Type 1 and Type 2 compliance for key benchmark feed additive price assessments.
This is the third year in which Feedinfo’s price assessment process has been independently verified, and the second year in which it has achieved Type 2 assurance. Nine amino acid and vitamin price indices across Asia, Europe, and North America received Type 2 assurance, while six new indices covering minerals and South America received Type 1 assurance.
For over 25 years, Feedinfo has been the trusted source for benchmark pricing in the animal nutrition and feed industry – a pledge reflected by the successful completion of yet another independent review of its price reporting methodology and control procedures undertaken by auditor BDO. The assurance report once again confirms that Feedinfo’s processes are aligned with the International Organization of Securities Commissions (IOSCO) Principles for Price Reporting Agencies (PRAs).
The following Feedinfo benchmark prices have received Type 2 (numbers 1-9) or Type 1 (numbers 10-15) assurance for 2023:
Mintec achieved the fourth successful completion of an independent review of its proprietary food ingredient and agricultural commodity price assessment process. Additionally, it is the third year in which Urner Barry, also part of Mintec Group, had its price assessment process independently verified, and the second year in which it has achieved Type 2 assurance.
IOSCO is the international body that brings together the world’s securities regulators and is recognised as the global standard setter for the securities sector. IOSCO’s PRA principles ensure the integrity of price assessment functions and the reliability of assessed prices. Together, Mintec, Feedinfo and Urner Barry are proud to receive this latest testament which affirms their commitment to excellence in price reporting and market intelligence.
For more details, and to read the IOSCO report, please click here.
About Feedinfo
Feedinfo is a provider of feed additives pricing intelligence and information, and supplier of news, insight and scientific knowledge for the global animal nutrition and feed industry. The information and tools held within Feedinfo are designed to support players in the animal feed supply chain in critical decision-making around product and plant development, supplier selection and negotiations, pricing strategy, supply chain and investments.
About Mintec
Mintec enables the world’s largest agri-food and manufacturing brands to implement more efficient and sustainable procurement strategies. We do this through our innovative SaaS platform, Mintec Analytics, which delivers proprietary market prices and analysis for more than 16,000 food ingredients and associated materials. Our data and solutions empower our customers to understand prices better, analyse their spending, and negotiate confidently with suppliers.