Platts updates Malaysia POME assessment laycan and specifications July 1

Platts, part of S&P Global Commodity Insights, has updated the Asia Palm Oil Mill Effluent (POME) FOB Malaysia assessment (APOMB00), effective July 1, to better reflect the typical quality and loading laycan of POME currently traded in the spot market.

The update follows a period of market feedback and observations that the maximum free fatty acids (FFA) value for Asia POME has been trending lower due to the practice of collecting fresher POME with a lower FFA value from palm oil mills. Therefore, Platts has updated its POME FOB Malaysia assessment to reflect an FFA value of maximum 50%.

Other quality specifications remain unchanged.

Platts has also narrowed the loading period for its POME FOB Malaysia assessment to better reflect typical trading norms. The assessment now reflects POME cargoes loading during a 45-day period covering three half-months, starting 15 days forward from the date of publication. The assessment laycan will roll over to the next 45 days on the 1st and 16th of each month, or the first publishing day after if they fall on weekends or a public holiday.

For example, on Aug. 1, the Platts POME FOB Malaysia assessment would reflect cargoes loading Aug. 16 to Sept. 30, reflecting H2 August, H1 September and H2 September. On Aug. 18, the assessment would reflect cargoes loading in H1 September, H2 September and H1 October.

The updates to the assessment laycan and quality specifications are summarized in the table below:

Asia POME FOB Malaysia (APOMB00)

The assessments are published on Platts Biofuels Alert pages PBF 2310, 2311, and 2312, in daily Platts Biofuelscan and Weekly Biomass-BasedDiesel Report.

Platts FOB Indonesia POME assessment publication is currently suspended due to the export restrictions of POME from Indonesia.

The changes were first proposed in a subscriber note published June 3.

Platts continuously reviews its assessment methodology and seeks to reflect the most up-to-date specifications observed for its market coverage.

The full Global Biofuels methodology & specifications guide can be found at https://www.spglobal.com/commodityinsights/en/our-methodology/methodology-specifications/agriculture/biofuels-methodology .

Platts invites feedback, comments and questions on this update to MRTS_biofuelsandfeedstocks@spglobal.com and 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.