Platts clarifies methodology for US-derived fertilizer, minerals netback assessments

Platts, part of S&P Global Commodity Insights, wishes to clarify its approach to calculating netbacks, which are based on its US fertilizer and minerals assessments.

This follows recent changes in tariffs applicable on products imported by the US.

In line with the norms of recognized incoterms, any calculated FOB netback fertilizer and minerals assessments based on FOB US assessments will also account for the subtraction of the prevailing tariff, where relevant. Where these netbacks are published as ranges incorporating multiple origins, any difference in duty rates between the countries of origin will be accounted for in the published range.

Any FOB netbacks based on CFR US assessments will not include any additional subtraction of duty, since customs clearance is not included in the original assessment.

Please send any feedback, questions, or comments to fertilizer@spglobal.com and pricegroup@spglobal.com.

For written comments, please indicate clearly if they are not intended for publication by Platts. Platts will consider all comments received and will make comments not marked as confidential available upon request.