USDA cuts MY 2024-25 global wheat export forecast to 214.67 mil mt

Platts, part of S&P Global Commodity Insights, has made changes to its ammonia methodology, effective March 1.

The changes align Platts ammonia coverage globally with legacy Fertecon ammonia assessments.

The update impacts all pricing regions, which are CFR Far East Asia, FOB Middle East, CFR Northwest Europe, FOB Black Sea, and CFR US Gulf Coast.

It impacts spot, front-month assessments, blue ammonia prices as well as all blue ammonia premiums, with the exception of the USGC, which continue to be published at 1:30 pm Central time.

Assessment window: 4:30 pm London time for all locations

Timing: Daily assessments for all locations for parcels to be delivered 1-6 weeks forward from the date of publication

Additional changes as follows:

CFR Far East Asia:

Basis location: ammonia-importing ports/terminals in China, Indonesia, Japan, South Korea, Malaysia, Philippines, Taiwan, Thailand, Singapore and Vietnam

Typical cargo size of 6,000-15,000 mt

CFR Northwest Europe:

Basis location: ammonia-importing ports/terminals in Belgium, Finland, France, Germany, Netherlands, Norway, Sweden and UK

Typical cargo size of 10,000-25,000 mt

CFR USGC:

Basis location: all ammonia-importing ports/terminals in the US Gulf states of Texas, Louisiana and Mississippi

Typical cargo size of 10,000-25,000 mt

FOB Middle East:

Basis location: ammonia-exporting ports/terminals in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE

Typical cargo size of 10,000-25,000 mt

FOB Black Sea

Basis location: major ports that can accommodate ammonia cargoes in Ukraine

Typical cargo size of 10,000-25,000 mt.

For all regions, other locations may be used when reflective of the market and normalized.

For the European market, Platts assessments represent duty-free and duty-paid cargoes. Cargoes incurring any duty may be normalized as part of the European assessment process.

Please send any feedback to hydrogenassessments@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.