Platts discontinues FOB Azov wheat assessment

Platts, part of S&P Global Commodity Insights, has discontinued its FOB Azov Sea wheat (Russia, 12.5%) assessment, symbol WRASS00, following market changes for Black Sea wheat coasters, effective Feb. 29.

Platts first proposed to discontinue the assessment on Dec. 7, which can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/120723-platts-proposes-to-discontinue-fob-azov-sea-russia-125-assessment

Following a feedback period, the decision to discontinue the affected assessment was published on Dec. 22, in a subscriber note published here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/122223-platts-to-discontinue-fob-azov-sea-russia-125-wheat-assessment

This discontinuation is due to reduced market liquidity for coasters trading out of the Azov Sea port on a FOB basis, with market participants more willing to trade on a CIF basis.

On Feb. 24, 2022, due to uncertainty regarding the escalation of the Russia-Ukraine conflict, Platts suspended the publication of bids, offers, trades, and indicative market values for commodities loading or delivering in the Black Sea: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/022422-platts-to-suspend-publication-of-market-information-for-black-sea-markets

Due to increased market liquidity for coasters of wheat from Russia, Platts, part of S&P Global Commodity Insights, resumed publishing its CIF Marmara wheat (12.5%) coasters assessment, symbol AMARA00, on Aug. 23, 2023.

Please send any questions and comments to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com.

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.