Platts amends APW Wheat FOB Australia quality specifications, June 20

Platts, part of S&P Global Commodity Insights, has amended the quality specifications for its APW Wheat FOB Australia (symbol:WAUSA00) assessment, effective June 20.

This amendment aligns the quality specifications with those outlined by Grain Trade Australia.

The quality specifications previously read:

"The assessment represents spot Australian export qualities, normalized to Australian Premium White (APW) grade with a minimum of 10.5% protein (on an 11% moisture basis), a maximum of 12.5% total moisture, a minimum Hagberg Falling Number of 300 seconds and a wet gluten content of 24.5%."

Following market feedback that the old quality specifications for Australian Premium White wheat in the methodology were not reflective of current trade standards, and that the quality specifications should reflect current Grain Trade Australia standards, the quality specifications have been revised to read:

"The assessment represents spot Australian export qualities, meeting the Grain Trade Australia (GTA) standard for APW1, which has a minimum protein guarantee of 10.5%."

Grain Trade Australia (GTA) is an advocacy organization for the Australian Grain Industry that formalizes trading rules and is the standard for grain contracts across the Australian grain industry.

Please send any feedback, questions or comments to MRTS_AgricultureandFood@spglobal.comand pricegroup@spglobal.com . For written comments, please provide a clear indication if the 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.