SUBSCRIBER NOTE: Platts proposes to launch daily APW Wheat FOB Australia assessment

Platts proposes to launch a new daily APW Wheat FOB Australia assessment, which will reflect the traded or tradable value of spot physical cargoes, starting November 9, 2015.

The assessment would represent typical 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 falling number of 300 seconds and a typical flour wet gluten of 24.5%.

The assessment's volume, location and timing would reflect typical Australian wheat exports, normalized to 30,000 mt loading in Kwinana, Western Australia, for a cargo loading in 30-60 days.

As per Platts' methodology, the assessment would be made using transactional information collected daily, including transactions, bids and offers.

In the absence of representative FOB Australia price information, Platts may also refer to CFR prices in relevant destinations using prevailing spot freight rates.

Platts is inviting feedback on the proposed new assessment and the specifications through October 23, 2015.

Please send all questions and feedback to asia_ags@platts.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 to the public upon request.