Platts, part of S&P Global Commodity Insights, will launch a new daily assessment for Crude Rapeseed Oil on a FOB Dutch Mill basis, effective April 17.
The assessment will be added to the range of Platts European vegetable oils assessments, along with Sunflower Oil FOB Black Sea Ukraine, Crude Palm Oil CIF Rotterdam and Crude Palm Kernel Oil CIF Rotterdam.
For guidance, key FEDIOL specifications at the time of publication include: crude degummed rapeseed oil physical specifications and NOFOTA trading rules:
Assessment: Rapeseed Oil FOB Dutch Mill
Frequency: Daily
Bates: c
Time stamp: 16:30 pm UK time
Unit of measurement: EUR/mt
Incoterm: FOB
Cargo size: 100 mt per month, for a total of 300 mt
Maximum Free Fatty Acids content: 1.75%
Maximum moisture, volatile matter and impurities content: 0.4%
Maximum lecithin content: 300 ppm
Maximum erucic acid content: 2%
Assessment run months: FMA, MJJ, ASO and NDJ
Roll date: First day of next run
Please direct any questions or comments to europe_ags@spglobal.com with a copy to pricegroup@spglobal.com by April 12, 2023.
For written comments, please provide a clear indication if they 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.