Vegetable Oil Price Assessments

Platts assessments are based on robust and transparent market data that includes, but is not limited to, firm bids and offers, expressions of interest to trade and confirmed trades reported across the trading day.

Sunflower Oil FOB Black Sea Ukraine

The assessment reflects Ukrainian origin raw sunflower oil. It is a daily price assessment in USD per metric ton reflecting the traded or tradeable value for cargoes of 3,000 mt +/-10% operational tolerance, basis FOB Chornomorsk port.

The assessment reflects loading one or two calendar months forward from the month of the assessment date

Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO)

The FOB Indonesia CPO assessment reflects maximum free fatty acids (as palmitic) content of 5% and maximum moisture and impurities (M&I) content of 0.5% and parcels loading out of Dumai.

The CFR WC India CPO assessments reflect maximum FFA (as palmitic) content of 4.5% and maximum M&I content of 0.5% and parcels for delivery into Kandla.

Both assessments reflect a typical clip size of 1,000 mt and parcels shipping one month forward. For the CFR WC India CPO assessment, this is the basis of an Indonesian shipment time into west coast India.

The CIF Rotterdam assessments reflect typical Malaysian/Indonesian quality CPO and CPKO.

Both assessments represent material with maximum Free Fatty Acids (FFA) content of 5% and maximum Moisture and Impurities (M&I) content of 0.50% and a typical parcel size of 500 mt.

The CPO CIF Rotterdam assessment reflects parcels for shipment one calendar month forward the CPKO CIF Rotterdam assessment reflects parcels for shipment one month forward but over a period of two calendar months. Both are basis Malaysia/Indonesia shipment time into Rotterdam.

The assessment laycan for both assessments will roll over to the next calendar month on the first publication day after the 15th of each month.

Palm Fatty Acid Distillates (PFAD)

The FOB Indonesia PFAD assessment reflects the specifications for PFAD as defined by the Palm Oil Refiners Association of Malaysia (PORAM) and parcels loading out of Dumai, with a typical clip size of 500 mt., shipping one month forward, but over a period of two calendar months. The assessment laycan will roll over to the next two calendar months on the first publication day after the 15th.

RBD Palm Stearin

The FOB Indonesia RBD Palm Stearin assessment reflects the specifications for RBD Palm Stearin as defined by PORAM and parcels loading out of Dumai, with a typical clip size of 500 mt., shipping one month forward, but over a period of two calendar months. The assessment laycan will roll over to the next two calendar months on the first publication day after the 15th.

Soybean oil

The Soybean Oil Argentina FOB Up River assessments reflect 1,000 mt parcels loading on an "Up River" basis in Argentina, and product meeting FOSFA 51 soybean oil specifications.

Up River includes the San Lorenzo, Rosario and San Nicolas port areas on the Paraná River in Argentina. The assessments reflect parcels loading one calendar month forward.

The Soybean Oil Brazil FOB Paranaguá assessments reflect 1,000 mt parcels meeting ANEC 81 soybean oil specification. The assessment reflects parcels loading one calendar month forward.

A robust and transparent physical price representing the specific dynamics of regional markets can lead to physical indexation and financially settled derivative instruments. It is a powerful tool that helps customers and other market participants:

— Manage and hedge price risks

— Leverage arbitrage opportunities

— Carry out negotiations more profitably and efficiently

— Make better-informed planning and trading decisions

Sunflower oil represents 12% of vegetable oils trading volumes, and despite being impacted by similar market trends, the correlation with the other vegetable oils is not sufficient to effectively use the existing price risk management tools for hedging exposure to sunflower oil. As a result, Platts FOB Black Sea Ukraine sunflower oil price assessment and CME Group FOB Ukraine sunflower oil futures can cope with these challenges and close the gaps in mitigating risk in this market.

The Black Sea region covers 80% of the global exports of sunflower oil, with Ukraine accounting for over 55%. The strong correlation between Russian and Ukrainian sunflower oil prices allows Platts sunflower oil FOB Black Sea Ukraine to reflect the price dynamics in the global sunflower oil market and be an efficient tool to manage risks."

Global CPO production was approximately 76 million mt in 2019/20, and the palm market increased by 2.60% year on year. India is the single largest importer of palm oil globally, taking 19% of total world palm oil exports, and its imports are expected to rise. The European palm oil market is growing steadily, with the EU now accounting for 10% of global demand. Indonesia and Malaysia currently represent around 90% of the global palm oil supply.

Soybean oil is the second most-produced vegetable oil in the world, representing 29% of the total vegetable oil production expected for 2021-22. Its output has been rising constantly over the past five seasons, with an average increase of 2.8% per year.

Argentina is the global top exporter of the commodity, accounting for nearly half of the world's overseas shipments. Brazil's production has been above 9 million mt recently, with domestic consumption improving as the country aims to further boost biodiesel blend into diesel in the coming years. Such a strong internal demand contributes to reducing Brazilian soybean oil surplus for exports, whose volumes have been just above 1 million mt.

India and China are the main importers of soybean oil, purchasing 40% of all the global external sales.

07 Jun 2023 — FOB-Paranagua, Brazil for OND loading, Offer at -750 pts over VZZ, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for July loading, Bid at -1060 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for August - September loading, Offer at -830 pts over QU, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for July loading, Offer at -900 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for March 2024 loading, Bid at -970 pts over H, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for July loading, Bid at -1050 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for January - February 2024 loading, Bid at -900 pts over FH, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for June loading, Bid at -1150 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for August loading, Value at -920 pts over QU, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for 15 June - 15 July loading, Bid at -1150 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for March 2024 loading, Offer at -850 pts over H, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for July loading, Trade (Fixing) at -950 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for August - September loading, Offer at -850 pts over QU, 1k

07 Jun 2023 — FOB-Up River, Argentina for July loading, Value at -940 pts over N, 1k;

07 Jun 2023 — FOB-Paranagua, Brazil for June loading, Offer at -900 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for OND loading, Offer at -750 pts over VZZ, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for August loading, Offer at -850 pts over Q, 1k

07 Jun 2023 — FOB-Up River, Argentina for July loading, Value at -950 pts over N, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for January - February 2024 loading, Bid at -900 pts over FH, 1k

07 Jun 2023 — FOB-Paranagua, Brazil for July loading, Value at -960 pts over N, 1k