SUBSCRIBER NOTE: Platts proposes new FAME -10 biodiesel FOB ARA calculation

Platts invites feedback on a new proposal for a calculation to assess non-RED and RED FAME -10 biodiesel, using FAME 0, RME, PME and SME assessments. This proposal supersedes the previous proposal published on May 2.

Following further industry feedback, Platts proposes to determine the non-RED and RED FAME -10 assessments using the following 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. 10% FAME 0 and 90% RME 2. 15% SME and 85% RME 3. 8% PME and 92% RME

Logistical costs would be fixed at $5/mt, which reflects re-circulation and re-testing costs. 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 June 6, 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.