SUBSCRIBER NOTE: Platts proposes discontinuation of FOB Azov wheat assessment

In line with prolonged low liquidity in the Russian wheat coasters markets, S&P Global Platts is proposing to discontinue its assessment of FOB Azov Sea wheat (Russia, 12.5%), effective Sept. 1, 2021.

FOB Azov wheat assessments were launched in March 2014, as part of a suite of three wheat assessments which also included CIF Marmara 13.5% Wheat, and the now benchmark Black Sea Wheat (Russia, 12.5%) basis Novorossiysk.

While Black Sea Wheat basis Novorossiysk has continued to develop into a significant part of the global wheat market, the FOB Azov market has remained less liquid. As a result, Platts is proposing its discontinuation.

The FOB Azov Sea wheat (Russia, 12.5%) assessment is published in Platts databases under the code WRASS00. The assessment appears in the Platts Daily Grains publication, as well as on Platts Agriculture Alert page 1440.

Please send all feedback, comments or questions to europe_ags@spglobal.com and pricegroup@spglobal.com by June 7, 2021.

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 to the public upon request.