16 May 2023 | 15:51 UTC

Platts decides to amend Sunflower Oil FOB Black Sea market on close timestamp

Platts, part of S&P Global Commodity Insights, will update the European Sunflower Oil FOB Black Sea (SFWBL00) market on close timestamp from 1700 London time to 1630 London time, with effect from June 5.

Platts proposed amending the timestamp on April 3, in a subscriber note available here.

The change will bring the assessment in line with Platts other vegetable oil assessments, including the existing CIF Rotterdam Crude Palm Oil (ACPOC00) and Crude Palm Kernel Oil (ACPKA00) assessments, as well as the new daily FOB Dutch Mill Crude Rapeseed Oil assessment, which launched April 25. The subscriber note for that assessment launch can be found here.

Bids, offers, trades and indicative values will only be considered for the assessment if they are received before the 1630 London time market on close cut off.

Please send all comments, feedback and questions to MRTS_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com by June 5. 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.