Amendment to Soyoil CIF India specifications: pricing notice

After a consultation period, Fastmarkets Agriculture has decided to amend the specifications for its Soyoil CIF India $/mt assessment to better reflect those common in the market.

Specifically, Fastmarkets Agriculture will change the incoterm from cost, insurance and freight (CIF) to cost and freight (CFR) with effect from April 2, 2024.
At the same time, we will change the volume considered to 10,000-20,000 tonnes from 20,000-40,000 tonnes based on initial market feedback.

Soyoil CFR India $/mt
Quality: 44.5% profat, max 13% moisture, max 7% ash content
Quantity: 10,000 to 20,000 tonnes
Location: CFR West Coast India
Timing: Shipment is the next loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the 16th of each month.
Unit: US dollars per tonne
Publication: Daily, 6pm Singapore time

Fastmarkets consulted on this proposal between February 16, 2024 and March 15, 2024.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter, please contact Anna Platonova by email at pricing.ags@fastmarkets.com, indicating “Changes to Soyoil CIF India” in the subject line of the email.

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets Agriculture pricing methodology and specification documents see here.