SUBSCRIBER NOTE: Proposed changes to Soyoil CIF India methodology

Fastmarkets Agriculture proposes to amend the specifications of its Soyoil CIF India assessments to better reflect how the market is currently trading.

Specifically, Fastmarkets Agriculture would change the incoterm from cost, insurance and freight (CIF) to cost and freight (CFR).

At the same time, we are proposing to change the volume considered for trade to 10,000 to 20,000 mt from 20,000 to 40,000 mt based on initial market feedback.

The consultation period for this proposed amendment starts from February 16, 2024 and will end on March 15, 2024.

These changes would take effect from April 1, 2024.

To comment on this proposal, please email: pricing.ags@fastmarkets.com, indicating “Changes to Soyoil CIF India” in the subject line of the email.

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