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

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

Platts first proposed to discontinue the assessment on Dec. 7, which can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/120723-platts-proposes-to-discontinue-fob-azov-sea-russia-125-assessment.

This discontinuation 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, Platts has 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 resumed publishing its CIF Marmara wheat (12.5%) coasters assessment, symbol AMARA00, on 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.

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.