Platts launches CFR Indonesia wheat price matrix from Dec 11

Platts, part of S&P Global Commodity Insights, has launched its daily global CFR Indonesia wheat price matrix and three associated calculated wheat assessments Dec. 11.

The matrix reflects the price of common milling wheat grades delivered to Indonesia, one of the biggest wheat importers in the world, as there has been increasing demand for transparency regarding delivered prices of milling wheat into Southeast Asia.

This launch follows a decision note published Nov. 3, 2023, available at https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/110323-platts-to-launch-cfr-indonesia-wheat-price-matrix-dec-4

A proposal, which was published on Oct. 20, 2023, is available at https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/102023-platts-proposes-to-launch-daily-cfr-indonesia-wheat-price-matrix

The wheat CFR price matrix reflects the calculated assessments of three milling wheat grades – Australian Premium White, Canadian Western Red Spring (13.5%), EU 11.5% wheat – delivered into Indonesia. The assessments will be basis 60,000 mt cargoes and use Cigading as a basis port.

The wheat CFR price matrix also reflects the latest Platts global assessments available at 16:30 (0830 GMT) Singapore time each day, with the existing assessments to be used in the matrix as follows:

1. (WAUSA00) APW Wheat FOB Australia

2. (AWHCF00) CWRS Wheat 13.5% FOB Vancouver (60-75 days)

3. (ACVBB00) EU Wheat 11.5% FOB CVB Basis Constanta

In line with this, Platts has added the following additional symbols to reflect the newly calculated wheat assessments and new freight calculations:

AWHEA00APW Wheat CFR Indonesia $/mt

AWHEA03APW Wheat CFR Indonesia $/mt MAvg

AWHEB00CWRS 13.5% Wheat CFR Indonesia $/mt

AWHEB03CWRS 13.5% Wheat CFR Indonesia $/mt MAvg

AWHEC00EU 11.5% Wheat CFR Indonesia $/mt

AWHEC03EU 11.5% Wheat CFR Indonesia $/mt MAvg

GCONA00DBF Wheat Constantza Romania-Cigading Indonesia 60kt $/mt Panamax

GCONA03DBF Wheat Constantza Romania-Cigading Indonesia 60kt $/mt Panamax MAvg

GCONB00DBF Wheat Vancouver Canada-Cigading Indonesia 60kt $/mt Panamax

GCONB03DBF Wheat Vancouver Canada-Cigading Indonesia 60kt $/mt Panamax MAvg

GCONC00DBF Wheat Kwinana Australia-Cigading Indonesia 60kt $/mt Panamax

GCONC03DBF Wheat Kwinana Australia-Cigading Indonesia 60kt $/mt Panamax MAvg

The above-calculated assessments will take into consideration the corresponding FOB assessments, added to a calculation of freight costs. They each represent 60,000 mt cargo sizes delivered to Cigading three to four months forward for CWRS and APW and two to three months forward for the EU.

Please send any feedback, questions, or comments to MRTS_AgricultureandFood@spglobal.com, MRTS_GrainsRiceOilseeds@spglobal.com, and pricegroup@spglobal.com.

For written comments, please provide a clear indication if the 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.