13 Jan 2015 | 07:54 UTC — Singapore

SUBSCRIBER NOTE: Platts proposes to discontinue current palm oil/gasoil spread assessment

Platts proposes to discontinue its current assessment for the palm oil/gasoil spread (PO-GO) from May 15, 2015, as Platts is also proposing to launch a new PO-GO spread that is more representative of current market activity.

The current POGO spread, under the code BMAAA00, reflects the value of first -month gasoil futures traded on the Intercontinental Exchange, or ICE, against first-month crude palm oil futures listed on Bursa Malaysia, or BMD, traded at 4:30 pm Singapore time (0830 GMT).

Platts is proposing to assess a new POGO spread that reflects the value of the first forward month contract for BMD palm oil futures against front-month ICE gasoil futures.

The current POGO assessment is published in the Platts database under the code BMAAA00, and in the PBF publication Biofuelscan.

Please send any comments and feedback to Platts editors at asia_ags@platts.com with a cc to pricegroup@platts.com by January 31, 2015.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.