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Fastmarkets has proposed several changes to the methodologies for its suite of global palm and lauric oil methodologies to give more insight into how these prices are assessed. It is also clarifying the timing and monthly rolls of several assessments.
Fastmarkets has observed growth and market interest in these prices and wishes to give more visibility into the price formation process and to more closely align these assessments to observed trading patterns. This includes additional detail on the assessment period and the timing of monthly rolls, including examples.
Clarification of assessment timing and roll dates(1) For the following prices, Fastmarkets is clarifying the timing of the roll date for M1 and M2 and the usage of offers in assessments as follows:
Fastmarkets assesses the full calendar month of the current month starting on the first business day of each month. For example, on October 1, Fastmarkets M1 assessment represents the full month of October and the M2 assessment represents the full month of November. On October 20, Fastmarkets M1 assessment represents the remaining days in October and the M2 assessment (if applicable) represents the full month of November.
(1a) In addition, for AG-PLM-0025 and AG-PLM-0026, the assessment is based on the best available offers at the time of assessment.
(2) For the following prices, Fastmarkets is clarifying the timing of the roll date for M1 and M2 as follows:
Fastmarkets assesses the following calendar month starting the first business day after the 15th of each month. For example, on September 15, the M1 assessment represents the remaining days in September and the M2 assessment represents the full month of October. On September 16, the M1 assessment represents the full month of October and the M2 assessment represents the full month of November.
(3) For the following prices, Fastmarkets is clarifying the timing of the roll date for M1 and the use of offers in assessments as follows:
Fastmarkets assesses the following calendar month starting the first business day after the 15th of each month. For example, on September 15, the M1 assessment represents the remaining days in September and on September 16, the M1 assessment represents the full month of October. In addition, the published values for these prices are based on the best available offers at the time of assessment.
(4) For the following prices, Fastmarkets is clarifying the timing of the roll date for M1 and M2 as follows:
Fastmarkets assesses two months starting the first business day after the 15th of each month. For example, on September 15, the M1 assessment represents the remaining days in September and the full month of October and the M2 assessment represents the full months of October and November. On September 16, the M1 assessment represents the full months of October and November and the M2 assessment represents the full months of November and December.
(5) For the following prices, Fastmarkets is clarifying the timing of the roll date for M1 as follows:
Fastmarkets assesses a cargo for shipment within 1-30 days of the date of assessment. For example, on September 1, Fastmarkets M1 assessment represents the full month of September. On September 15, Fastmarkets M1 assessment represents the remaining days in September through October 14.
The methodology for Global Palm and Lauric Oils will be available here by December 22.
Proposed changes to assessment timings and roll dates(6) Fastmarkets is proposing to change the roll date of its Refined bleached deodorised (RBD) palm olein, cfr South China, $/tonne from the 16th of the month to the 10th of the month to better reflect observed market activity.
For this price, Fastmarkets proposes to amend the roll date from the current 16th of the month to the 10th of the month. Fastmarkets assesses the following calendar month starting the first business day after the 9th of each month. For example, on September 9, the M1 assessment represents the remaining days in September and the M2 assessment represents the full month of October. On September 10, the M1 assessment represents the full month of October and the M2 assessment represents the full month of November.
The proposed new specifications are listed below, with the proposed amendment of roll date and timing in italics:
AG-PLM-0019 Refined bleached deodorised palm olein cfr China, $/tonneQuality: Max. 0.1% Free Fatty Acid (FFA) content (as palmitic), Max 0.1 Moisture and Impurities (M&I), Iodine value min. 56. Melting point max. 24 °C, Color max 3 Red / max 30 YellowQuantity: 6,000-12,000 mt. Other sizes/quality may be considered for inclusion in the assessment but normalized to reference volume/qualityLocation: Southern Guangdong portsTiming: Fastmarkets assesses the following calendar month starting the first business day after the 9th of each month. Fastmarkets assesses the following calendar month starting the first business day after the 9th of each month. For example, on September 9, the M1 assessment represents the remaining days in September and the M2 assessment represents the full month of October. On September 10, the M1 assessment represents the full month of October and the M2 assessment represents the full month of November.Unit: $/tonneTimestamp: 18:00 Singapore timeRoll date: 10th of the monthNotes: Published value is based on the best available offers at the time of assessment
(7) Fastmarkets is also proposing to change the timing of the assessment period of its Crude coconut oil, fob Philippines, $/tonne from the full calendar month of the current month to within 30-60 days forward from the date of assessment. For example, on September 1, Fastmarkets M1 assessment represents October 1 through October 31. On September 15, Fastmarkets M1 assessment represents October 15 through November 14.
AG-CCN-0003 Crude coconut oil fob Philippines, $/tonneQuality: Max. 4%, 3% basis Free Fatty Acid (FFA) content (as lauric at time of shipment), Max 1% Moisture and Impurities (M&I) at time of shipment, Iodine value max 10 at time of shipment, Color max 100 Yellow, max 15 RedQuantity: Min. 500 mt, Other sizes may be considered for inclusion in the assessment but normalized to reference volumeLocation: Manila and BatangasTiming: 30-60 days ahead of date of assessment. For example, on September 1, Fastmarkets M1 assessment represents October 1 through October 31. On September 15, Fastmarkets M1 assessment represents October 15 through November 14Unit: $/tonneTimestamp: 18:00 Singapore time
The above two prices are part of the Fastmarkets Ags Oils, Fats and Biofuels package.
The consultation period for this proposed amendment starts on December 12, 2025 and will end on January 13, 2026. The amendment will then take place, subject to market feedback, on January 19, 2026.
To provide feedback on these prices AG-PLM-0019 and AG-CCN-0003 or if you would like to provide price information by becoming a data submitter to these two prices, please contact pricing@fastmarkets.com and fats_oils@fastmarkets.com. Please add the subject heading “re: AG-PLM-0019/AG-CCN-0003.”
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.