Fastmarkets discontinues US-assessed palm, lauric oil prices

Fastmarkets held an open consultation for the market to provide feedback and comments on its US-assessed palm and lauric oil prices.

With no feedback having been received during the consultation, Fastmarkets will discontinue the following prices with effect from May 25:

• AG-PLM-0006 Palm stearin, RBD, fob Malaysia, $ per tonne
• AG-PLM-0001 Palm fatty acid distillate, fob Malaysia, $ per tonne
• AG-CCN-0002 Crude coconut oil, fob Philippines, US cents per lb>

The above prices will be merged with the following prices:

• AG-PLM-0021 Refined bleached deodorised palm stearin, fob Malaysia, $ per tonne
• AG-PLM-0023 Palm fatty acid distillate (PFAD), fob Malaysia, $ per tonne
• AG-CCN-0003 Crude coconut oil, fob Philippines, $ per tonne.

Under this change, Fastmarkets will produce a single assessment for the respective markets, with the price histories of AG-PLM-0006, AG-PLM-0001 and AG-CCN-0002 from their dates of commencement up to May 22, 2026, to be retained and take precedence.

The merger of price histories of AG-PLM-0006 and AG-PLM-0021, AG-PLM-0001 and AG-PLM-0023, AG-CCN-0002 and AG-CCN-0003 will, however, be delayed, with Fastmarkets to announce the effective date in due course.

These prices are part of the Fastmarkets Ags Oils, Fats and Biofuels package.

Please send any questions or comments to pricing@fastmarkets.com and fats_oils@fastmarkets.com with the subject heading “re: Discontinuation of US-assessed palm, lauric oil prices; merging of price histories.”

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’ pricing methodology and specification documents, go to the Fastmarkets methodology page.