SUBSCRIBER NOTE: Platts proposes FAME -10 biodiesel FOB ARA assessed at fixed calculation

Platts invites feedback on a proposal to assess non-RED and RED FAME -10 biodiesel FOB ARA as a calculation using FAME 0, RME, PME and SME assessments.

This proposal supersedes that published on January 31, when Platts proposed to discontinue its non-RED FAME -10 biodiesel FOB ARA assessment due to a lack of liquidity in the market. However, following industry feedback, Platts proposes to determine the non-RED and RED FAME -10 assessments using a calculation based on the assessments of its more liquid constituent blendstocks.

The assessments for non-RED and RED FAME -10 would be calculated as the most competitive method of replacement using proportions of other biodiesel grades, plus logistical costs. The competitive methods of replacement to be compared in the calculation would include:

1. 23% FAME 0 and 77% RME 2. 33% SME and 67% RME 3. 14% PME and 86% RME

Logistical costs would be fixed at $12.50/mt. In the event that price indications for FAME -10 are received, then Platts may also reflect those in the assessments. The assessments affected by this change would be AAWGY00 - Biodiesel FAME -10 FOB ARA Barge and AAWGH00 - Biodiesel FAME -10 (RED) FOB ARA Barge.

Please send comments and feedback by May 16, 2014, to europe_ags@platts.com and pricegroup@platts.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.