Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

Platts proposes launching Ukraine 11.5% wheat FOB Black Sea assessment

S&P Global Platts proposes to launch a daily FOB Black Sea assessment reflecting Ukraine 11.5% wheat, effective April 1, 2020, to bring further price transparency to the Black Sea wheat market.

Ukraine is Europe's second-largest wheat exporter by volume, after Russia. Ukraine's wheat export projections for the 2019/20 marketing year ending June 2020 were revised upwards by 28% to 20.5 million mt in the January 2020 world agricultural supply and demand estimates (WASDE) report by the US Department of Agriculture, following a 16% jump in Ukraine's wheat production in 2019 to 29 million mt. Platts understands that Ukraine primarily exports 11.5% milling-grade wheat, in addition to feed-grade wheat.

Platts already publishes a daily FOB Black Sea assessment reflecting Russia 12.5% wheat.

The proposed new FOB Black Sea (Ukraine, 11.5%) assessment would reflect soft wheat with a protein content of 11.5%, a minimum test weight of 77 kg/hl, a maximum moisture content of 14%, a minimum wet gluten content of 23%, a minimum W number of 160, a minimum Hagberg Falling Number of 230 seconds, maximum bug damage of 2% and maximum foreign matter content of 2%. Other qualities may be considered for assessment purposes, but will be normalized back to this standard.

The proposed new assessment would reflect 25,000 mt cargoes loading 28-42 days forward from the Ukrainian Panamax-capable ports of Odessa, Pivdennyi and Chornomorsk. Platts may include pricing information for other quantities, laycans or loading ports, but these will be normalized to the standard for assessment purposes.

The proposed new assessment would reflect the prevailing market value at 4:30 pm London time.

Please send all feedback, questions or comments February 28 to and 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.