Platts to expand protein coverage in China, amend timestamp for Australia beef June 1

Platts, part of S&P Global Energy, will launch weekly price assessments for Front Forequarter (FFQ) eight cuts beef CFR China and Head-On, Shell-On shrimp (HOSO) CFR China, and amend the time stamp for Australia beef, effective June 1, 2026.

The new assessments would enhance Platts' protein coverage in Asia-Pacific, while complementing its existing "field-to-fork" coverage of agriculture markets, and improve transparency in the global animal proteins market.

China is the world's largest importer of beef and shrimp, importing 3.8 million metric tons and 901,563 mt, respectively, in 2025.

Platts first proposed the launch of the FFQ 8 Beef CFR China and HOSO Shrimp CFR China assessments on March 31, 2026, in a subscriber note here.

The specifications of the new price assessments and time stamp amendment will be as follows:

1. Platts FFQ 8 Beef CFR China

Quality: Front forequarter, eight-cut, deboned, boxed and frozen. The front forequarter is defined as the natural proportion plus/minus 10% of the following cuts: chuck ribs, chuck roll, chuck tender, neck, oyster blade, shoulder blade, brisket and shin

Quantity: Assessment reflects one 40-foot refrigerated container load of 25-27 mt net weight

Basis and location: CFR Shanghai port, terminal handling charges excluded

Timing: Assessment reflects product to be shipped 30- 60 days from date of publication

Payment terms: Cash against documents

Frequency: Weekly, every Friday

Unit of Measurement : US dollars per mt

2. Platts HOSO Shrimp CFR China

Quality: Farm-raised L. Vannamei shrimp, head-on, shell-on, block frozen, 31-40 count/kilogram

Quantity: Assessment reflects product packed in boxes of 1.4-1.8 kg in a minimum of one 40-foot refrigerated container of 18-23 mt net weight

Basis and Location: CFR Tianjin port, terminal handling charges excluded

Timing: Assessment reflects product to be shipped 15- 30 days from the date of publication

Payment terms: Cash against documents

Frequency: Weekly, every Friday

Unit of Measurement: US dollars per mt

3. Platts 90CL FCA Australia

To maintain alignment with the new price assessments, Platts will also change the market on close for the FCA Australia 90CL beef daily price assessment from Singapore 4:30 pm to Penang, Malaysia, 4:30 pm, with no immediate impact other than updating the publishing calendar.

All assessments would be based on bids, offers, trades and market activity reported to Platts until market close on Friday at 4:30 pm Penang, Malaysia time, and would reflect the prevailing market value at the time of close.

A monthly average would also be published for the FFQ 8 Beef CFR China and HOSO Shrimp CFR China assessments.

All assessments will follow the Platts Penang publishing calendar. The Platts holiday calendar is available at https://www.spglobal.com/energy/en/pricing-benchmarks/our-methodology/holiday.

Please submit any feedback, comments or questions about this proposal to Platts_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.