Amendment to soyoil CIF India price assessment: pricing notice

After a consultation period, Fastmarkets Agriculture has amended the specifications of its soyoil delivered India price assessment to better reflect the incoterm and quantities commonly used in the market.

Specifically, Fastmarkets Agriculture has changed the incoterm from cost, insurance and freight (CIF) to cost and freight (CFR) with effect from April 2, 2024.

The volumes considered have also been amended to 10,000-20,000 tonnes from 20,000-40,000 tonnes based on initial market feedback.

The consultation for this amendment took place between February 16 and March 15, 2024, with the changes coming into effect on April 1.

Soyoil CFR India $/mt
Quality: 44.5% profat, max 13% moisture, max 7% ash content
Quantity: 10,000-20,000 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: USD per tonne
Publication: Daily, 6pm Singapore time
 
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 CFR India” in the subject line.

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, go to https://www.fastmarkets.com/methodology/agriculture.