Platts proposes to exclude taxes from Brazilian technical corn oil assessment Dec. 1

Platts, part of S&P Global Energy, proposes to update its technical corn oil (TCO) ex-works Mato Grosso price assessment to exclude federal PIS/Cofins taxes, totaling 9.25%, effective Dec. 1, 2026. This change would place the assessment on a net-taxes basis.

The proposal follows feedback from market participants and reflects the growing prevalence of TCO trade conducted on a tax-exclusive basis. The change would provide a consistent reference for underlying market prices, allowing participants to account for their own tax treatment where applicable. It would also better reflect export-oriented trade flows originating in Mato Grosso.

Under the proposal, bids, offers, and trades reported on a tax-exclusive basis would be considered without adjustment for taxes. Platts would normalize bids, offers, trades and price indications reported inclusive of taxes to a tax-exclusive basis by removing the applicable tax component.

The proposal would affect the following assessments:

• TCO EXW Mato Grosso BRL/mt – Daily (TEMGA00)
• TCO EXW Mato Grosso BRL/mt – Weekly Avg (TEMGA04)
• TCO EXW Mato Grosso BRL/mt – Monthly avg (TEMGA03)
• TCO EXW Mato Grosso $/mt – Daily (TEMGB00)
• TCO EXW Mato Grosso $/mt – Weekly Avg (TEMGB04)
• TCO EXW Mato Grosso $/mt – Monthly avg (TEMGB03)

The assessment would continue to reflect a timestamp of 17:30 São Paulo.

Please send all feedback, comments, or questions to platts_biofuels@spglobal.com and pricegroup@spglobal.com by Nov. 9, 2026.

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.