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

Platts will 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 will 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 will reflect typical Australian wheat exports, normalized to 30,000 mt loading in Kwinana, Western Australia, in 60-90 days.

As per Platts methodology, the assessment will 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.

The assessment will be published in Platts Daily Grains, Platts Market Data and Platts Agriculture Alert pages 2440, 2612, 2699 and 2700.

Please send all questions and feedback to asia_ags@platts.com.