Platts proposes to change assessment period for CIF Marmara (12.5%) wheat assessment

In order to reflect changes in the market for Black Sea wheat coasters, Platts, part of S&P Global Commodity Insights, proposes to change the assessment period for its CIF Marmara wheat (12.5%) AMARA00 coasters assessment.

Platts understands that most of the wheat shipped in coasters from the Black Sea and the Azov Sea is now traded for more prompt shipment. That is a response to Russia's export duty, which is recalculated weekly, as well as increased market volatility meaning market participants are less willing to commit to volumes further out.

Starting from Oct. 20, Platts proposes that the assessment will reflect cargoes for shipment from the Azov Sea port 15 to 30 days ahead of the date of publication. The current assessment reflects cargoes for shipment 28 to 42 days ahead of the day of publication.

Platts resumed the publication of its CIF Marmara wheat (12.5%) AMARA00 coasters assessment on Aug. 23: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/082323-platts-resumes-publication-of-one-cif-marmara-wheat-coasters-assessment-aug-23

Please send any questions and comments to MRTS_GrainsRiceOilseeds@spglobal.com and pricegroup@spglobal.com by Sept.22. 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.