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Agriculture, Oilseeds
March 12, 2025
Platts, part of S&P Global Commodity Insights, proposes to launch a new daily price assessment for soybean meal, FOB Netherlands, effective May 1.
The Netherlands represents a significant trading hub for soybean meal in the EU, itself home to some of the region's largest animal feed producers. Soybean meal is a key component of feed for the poultry, pork, and beef sectors, for which Platts launched coverage in 2024. Details of this can be found here(opens in a new tab).
The specifications of the new proposed price assessment are as follows:
Basis and location: FOB Rotterdam/Amsterdam
Quality: 48 % protein content
Quantity: Min 1,000 mt-Max 3,000 mt on barges
Timing: Loading 30 to 45 days forward
Payment terms: Cash against documents
The new soybean meal price assessments would be published in euros per metric ton (Eur/mt), with a value also published in US dollars per metric ton ($/mt) converted using the relevant Eur/$ exchange rate (AAFCW00). A monthly average would also be published for both soybean meal assessments.
The assessments would consider market information reported to Platts, published as heards throughout the day, including firm bids and offers, trades, indicative values, and any other data deemed relevant to the assessment process.
The daily assessments would reflect a 4:30 pm London timestamp and follow the Platts London publishing schedule.
Please send any feedback, questions, or comments on this proposal to MRTS_AgricultureandFood@spglobal.com by March 28, copying 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.