Platts to retain FOB Azov wheat assessment

Following feedback on the Russian wheat coasters markets, S&P Global Platts has decided to retain its assessment of FOB Azov Sea wheat (Russia, 12.5%), which had previously been proposed for discontinuation.

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.

Feedback from the market suggested that while the FOB Azov market has remained less liquid than other parts of the Russian wheat coasters market, it remains an area where price transparency is seen as beneficial, alongside the related markets for 12.5% CIF Marmara wheat (not currently assessed by Platts) and 13.5% CIF Marmara wheat (WDPMT00).

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.

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