SUBSCRIBER NOTE: Open consultation on methodology for vegoils and meals

Fastmarkets Agriculture invited feedback from the industry on the pricing methodology for vegoils and meals, via an open consultation process between October 26 and November 24, 2023.

This consultation was done as part of our published annual methodology review process.

This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs).

This includes all elements of our pricing process, our price specifications and publication frequency.

No feedback was received during the consultation period and therefore Fastmarkets will now implement the changes proposed as part of the consultation.

Specifically, Fastmarkets Agriculture proposed to add the following new assessments:

Sunoil CPT Danube Ukraine

Sunmeal CPT Danube Ukraine

These changes will take effect from Jan 1, 2024.

You can find the current methodology for vegoils and meals here.

For more information on this consultation please email pricing.ags@fastmarkets.com. Please add the respective subject heading “Vegoils and meals 2023.”