Platts proposes to launch crude rapeseed oil assessment, FOB Dutch Mill

Platts, part of S&P Global Commodity Insights, is proposing to launch a new daily assessment for crude rapeseed oil on a FOB Dutch Mill basis.

The proposed assessment will be added to the range of Platts European vegetable oils assessments, along with Sunflower Oil FOB Black Sea Ukraine, Crude Palm Oil CIF Rotterdam and Crude Palm Kernel Oil CIF Rotterdam. The assessment will reflect FEDIOL crude degummed rapeseed oil physical specifications and NOFOTA trading rules:

Assessment: Rapeseed Oil FOB Dutch Mill

Frequency: Daily

Bates: c

Timestamp: 16:30 pm UK time

Unit of measurement: EUR/mt

Incoterm: FOB

Cargo size: 100 mt per month, for a total of 300 mt

Maximum Free Fatty Acids content: 1.75%

Maximum moisture, volatile matter and impurities content: 0.4%

Maximum lecithin content: 300 ppm

Maximum erucic acid content: 2%

Assessment run months: FMA, MJJ, ASO and NDJ

Roll date: First day of next run

Please direct any questions or comments to europe_ags@spglobal.com with a copy to pricegroup@spglobal.com by March. 13, 2023. For written comments, please provide a clear indication if they 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.