Platts launches Crude Rapeseed Oil assessment, FOB Dutch Mill

Platts, part of S&P Global Commodity Insights, launched a new daily assessment for Crude Rapeseed Oil on April 25.

The launch follows decision notes, which can be read here and here.

The assessment adds 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.

For guidance, key FEDIOL specifications at the time of publication include: crude degummed rapeseed oil physical specifications and NOFOTA trading rules:

Assessment: Rapeseed Oil FOB Dutch Mill

Frequency: Daily

Bates: c

Time stamp: 1630 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.

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