Final decision on open consultation on proposed changes to RBD palm olein, cfr South China and crude coconut oil, fob Philippines

The consultation was done following observed growth and market interest in these prices, Fastmarkets’ intention to give more visibility into the price formation process and to more closely align these assessments to observed trading patterns.

No feedback was received during the consultation period and therefore the proposed changes will be made to the methodology:

• For Fastmarkets’ AG-PLM-0019 Refined bleached deodorised (RBD) palm olein, cfr South China, $/tonne, the roll date will shift from the 16th of the month to the 10th of the month.
• For Fastmarkets’ AG-CCN-0003 Crude coconut oil, fob Philippines, $/tonne, the timing of the assessment period will change from the full calendar month of the current month to within 30-60 days forward from the date of assessment.

As part of the changes to AG-CCN-0003 Crude coconut oil, fob Philippines, $/tonne, the forward month display on the Fastmarkets dashboard will be removed with the timing now adjusted to 30-60 days ahead from the date of assessment.

In addition, Fastmarkets is clarifying the timestamp of its Asian palm oil and lauric oil prices to be 6pm Singapore time.

This applies to the following prices:

AG-PLM-0008 Crude palm oil, domestic Malaysia, ringgit/tonne
AG-PLM-0009 Crude palm oil, fob Malaysia, $/mt
AG-PLM-0010 Refined bleached deodorised (RBD) palm olein, fob Malaysia, $/tonne
AG-PLM-0011 Crude palm oil, fob Indonesia, $/tonne
AG-PLM-0012 Refined bleached deodorised (RBD) palm olein, fob Indonesia, $/tonne
AG-PLM-0013 Crude palm oil, cfr west coast India, $/tonne
AG-PLM-0014 Crude palm oil, cfr east coast India, $/tonne
AG-PLM-0020 Refined bleached deodorised (RBD) palm oil, fob Malaysia, $/tonne
AG-PLM-0021 Refined bleached deodorised (RBD) palm stearin, fob Malaysia, $/tonne
AG-PLM-0022 Refined bleached deodorised (RBD) palm stearin, fob Indonesia, $/tonne
AG-PLM-0023 Palm fatty acid distillate (PFAD), fob Malaysia, $/tonne
AG-PLM-0024 Palm fatty acid distillate (PFAD), fob Indonesia, $/tonne
AG-PLM-0025 Crude palm kernel oil, domestic Central Malaysia, ringgit/picul
AG-PLM-0026 Crude palm kernel oil, domestic South Malaysia, ringgit/picul
AG-PLM-0027 Crude palm kernel oil, fob Indonesia, $/tonne
AG-PLM-0028 Refined bleached deodorised (RBD) palm kernel olein, fob Malaysia, $/tonne
AG-PLM-0029 Refined bleached deodorised (RBD) palm kernel olein, fob Indonesia, $/tonne
AG-PLM-0030 Refined bleached deodorised (RBD) palm kernel oil, fob Malaysia, $/tonne
AG-PLM-0031 Refined bleached deodorised (RBD) palm kernel oil, fob Indonesia, $/tonne
AG-PLM-0032 Refined bleached deodorised (RBD) palm kernel stearin, fob Malaysia, $/tonne
AG-PLM-0033 Refined bleached deodorised (RBD) palm kernel stearin, fob Indonesia, $/tonne

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

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact pricing@fastmarkets.com and fats_oils@fastmarkets.com. Please add the subject heading “re: RBD palm olein, cfr South China and crude coconut oil, fob Philippines.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

You can find the updated methodology for Global Palm and Lauric Oils here.

To see all Fastmarkets pricing methodology and specification documents, please see the Fastmarkets methodology page.