Platts proposes to discontinue FOB Azov Sea (Russia, 12.5%) assessment

Platts, part of S&P Global Commodity Insights, proposes to discontinue its FOB Azov Sea (Russia, 12.5%) assessment in order to reflect market changes for Black Sea wheat coasters, symbol WRASS00, effective Feb. 29, 2024.

This proposed change is due to reduced market liquidity for coasters trading out of the Azov Sea port on a FOB basis, with market participants more willing to trade on a CIF basis. Since Feb. 24, 2022, due to uncertainty regarding the escalation of the Russia-Ukraine conflict, Platts suspended the publication of bids, offers, trades, and indicative market values for commodities loading or delivering in the Black Sea: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/022422-platts-to-suspend-publication-of-market-information-for-black-sea-markets

Due to increased market liquidity for coasters of wheat from Russia, Platts, part of S&P Global Commodity Insights, has resumed publishing its CIF Marmara wheat (12.5%) coasters assessment, symbol AMARA00, from Aug. 23, 2023.

Platts continues to seek feedback concerning a possible resumption of publication for the higher protein coaster assessment, CIF Marmara wheat (13.5%), symbol WDPMT00.

Please send any questions and comments to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com by Dec. 21. 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.