Platts launches FOB Rouen France wheat assessment from July 1

Platts, part of S&P Global Commodity Insights, has launched a new daily price assessment for EU milling wheat, FOB France basis Rouen, effective July 1.

France is the EU's largest exporter of wheat, with seaborne exports exceeding 8 million mt of wheat annually. Rouen accounts for 4.6 million mt of these exports each year.

The launch of the new assessment was first proposed on April 16, in a subscriber note available here and confirmed on June 3 in a subscriber note here.

The specifications of the price assessment are as follows:

· Basis and location: FOB Rouen, France

· Quality: Soft wheat with a protein content of 11%, a minimum test weight of 76 kg/hl, a maximum moisture content of 15%, a minimum Hagberg Falling Number of 220 seconds, a minimum wet gluten content of 23%, a minimum W number of 160, maximum foreign matter content of 2%

· Quantity: Basis 30,000 mt

· Timing: Loading seven to 30 days forward from the date of assessment

· Contractual loading rate: 8,000 mt per weather working day of 24 consecutive hours; Saturdays, Sundays and holidays excluded

· Payment terms: Cash against documents

The FOB EU Rouen (France 11%) wheat price assessment is originally assessed in Eur/mt along with a conversion to US dollars per mt using the relevant Eur/$ exchange rate (symbol AAFCW00).

The symbol codes for new assessments are as follows:

The assessments are published in Daily Grains and are available on Platts Connect.

The assessments consider market information reported to Platts, published as heards throughout the day, including firm bids and offers, trades, indicative values and any other data deemed relevant to the assessment process.

The daily assessments reflect a 4:30 pm London timestamp and follow the Platts London publishing schedule.

Please send any feedback, questions or comments to MRTS_AgricultureandFood@spglobal.com, copying pricegroup@spglobal.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.