SUBSCRIBER NOTE: Platts to launch spot market Sunflower oil assessment

S&P Global Platts will launch a new daily spot physical assessment for Sunflower Oil FOB Black Sea Ukraine from December 10, 2018. The decision is in line with interest in a transparent and clearly defined export price in the region.

The assessment will reflect the daily traded or tradeable value for cargoes of 3,000 mt +/-10% operational tolerance, priced in US dollars, basis FOB Chornomorsk port. Other locations, currency and cargo sizes between 1,000 and 3,000 mt may be considered but will be normalized back to the basis outlined above.

The assessment will reflect loading one to two calendar months forward from the month of the assessment, rolling on the 16th of the current month unless that day is not a business day, in which case the assessment will roll on the next business day. For example from November 16th - December 15th Platts would assess loading in January, from December 16th - January 15th Platts would assess loading over February.

As per Platts methodology, the assessment will be made using transactional information collected daily, including trades, bids and offers.

Please send all questions and feedback to ags@spglobal.com and to pricegroup@spglobal.comFor 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.