S&P Global Platts proposes to change the assessment laycan for its daily assessments of FOB Indonesia Crude Palm Oil (CPO), Palm Fatty Acid Distillates (PFAD) and Refined Bleached and Deodorized Palm (RBDP) Stearin to individual assessments month for the first and second month, effective March 16.
The assessment laycans will roll over on the first publication day after the 15th. For example, from Nov. 16 - Dec. 15, the FOB Indonesia CPO, PFAD, and RBDPS assessments will reflect parcels loading over December and January, while from Dec. 16-Jan. 15, the assessments will reflect parcels loading in January and February.
The first and second month will better match the physical market liquidity as per S&P Global Platts FOB Indonesia CPO, PFAD, RBDPS assessment specifications. For example between Nov. 16 and Nov. 30, S&P Global Platts FOB Indonesia CPO, PFAD and RBDPS first month assessments will reflect loading during full December, and between Dec. 1 and Dec. 15 will reflect loading in the second half of December.
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