How do Mintec collect and create prices?

Whether food commodities prices are rising or falling, independent price information is essential. That's why, as the leading provider of price data, Mintec release millions of data points each year. Mintec Benchmark Prices (MBP) are designed to mirror the true market price for commodities to provide users with the greatest confidence in our pricing. Alongside our proprietary prices, Mintec collects data from a range of leading sources which includes producers, traders, public sources and industry experts, who work closely with us to ensure we obtain high quality and reliable market prices.

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Key points for the graphic

MBP - Hundreds of proprietary prices from across the globe
+900 data leading sources - indication of type
Millions of prices published annually
Robust price methodology
Rigorous data standards

Got more questions? See our methodology FAQs.

Our Methodologies & Data Specifications

Mintec Methodology

For almost 40 years, Mintec has been collecting and curating prices across thousands of food and raw material commodities. This vast current and historical price database represents the most comprehensive insight into prices across the global food and commodity markets. Our data is collected, analysed and validated to deliver prices that help gauge the real cost of the materials our customers buy and use.

How do we do this?

Our processes adhere to robust data standards to ensure the accuracy and consistency of our prices. The principles and practices we adopt reflect the complexities of commodities and markets we cover.

That’s why our approach incorporates a combination of advanced automated systems utilising technology like RPA Robotic Process automation. While simultaneously recognising the experience and expertise of our people through timely interaction with the process.

This combination delivers repeatable accuracy and efficiency with subtle interventions to achieve greater control for more complex situations.

Our Commitment

We continue to invest in the scale and scope of the data and markets we cover to ensure that the methodologies and specifications we apply, deliver the most accurate price information possible.

We recognise the importance of bringing visibility to opaque markets where clarity on prices is less accessible to enable more confident buying decisions for all market participants.

Our published prices are independent and transparent, and we engage widely with the market as well as almost 1000 data providers and commodity exchanges globally.

Our processes include data collection and proprietary price reporting. To find out about any or all, see each of our published methodologies and data specification standards below.

Data Collection Specification

Our process of cleaning and structuring data is fundamental for reliable analytics. The depth and breadth of our data allow users to conduct precise analysis, make informed decisions and define their procurement strategy.

Data Standards

Mintec knows that data is key to decision making, but information isn't informative unless in adheres to strict standards for quality.

Mintec Proprietary Price Reporting

To be provided by Marcel

Mintec Category Indices (MCI)

The Mintec Category Indices are created to measure changes in the price of a group of core food categories, and each one has been weighted based on the significance of each commodity included.