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The naming convention for the price assessment will be amended to AG-GRS-0013 Yellow grease, delivered Carolinas, cts/lb on the proposed date, subject to feedback, in line with market commentary that the existing assessment terms do not accurately reflect how these markets are transacted.
A decision notice will be published pursuant to a 20-day consultation period on Tuesday July 28, with the change taking effect on August 4.
The existing methodology for the price assessment in question is as follows:
AG-GRS-0013 Yellow grease, fob Carolinas, cts/lb
Quality: Free fatty acids (FFA) max. 15%, moisture, impurities and unsaponifiable matter (MIU) max. 2%, FAC value max 39Quantity: Minimum three truckloads or one railcarLocation: US Carolinas, fob production pointTiming: Shipment within 30 days following date of saleUnit: USD cents/lbPublication: Daily, Until 3 pm US Central time
It will appear as follows, effective August 4, pending feedback:
AG-GRS-0013 Yellow grease, delivered Carolinas, cts/lb
Quality: Free fatty acids (FFA) max. 15%, moisture, impurities and unsaponifiable matter (MIU) max. 2%, FAC value max 39Quantity: Minimum three truckloads or one railcarLocation: US Carolinas, deliveredTiming: Shipment within 30 days following date of saleUnit: USD cents/lbPublication: Daily, 3pm US Central time
This price forms part of the Fastmarkets fats and oils package.
To provide feedback on this proposal, please contact pricing@fastmarkets.com and fats_oils@fastmarkets.com. Please add the subject heading: “re: Update to yellow grease, fob Carolinas.”
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.