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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.
Proposed changes to location and timestampFastmarkets is proposing to change the location of its AG-SYB-0032 Soyoil cfr India, $/mt assessment from “West Coast India” to “Basis Kandla” to better reflect observed market activity. Under the change, other west coast India locations might be considered for normalization to a Kandla basis.
In addition, Fastmarkets is proposing to amend the timestamp for the publication for its AG-SYB-0032 Soyoil cfr India $/mt and AG-SSD-0001 Sunoil cif India $/mt from 6pm Singapore time to 9pm Singapore time.
The proposed new specifications are listed below, with the proposed amendments to the location and timestamp in italics:
AG-SYB-0032 Soyoil cfr India $/mtQuality: 1% FFA max 1.25%, 0.1% max moistureQuantity: 10,000-20,000 tonnesLocation:Basis KandlaTiming: Shipment is the next loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the first business day after the 15th of the month.Unit: $/mtPayment terms: Irrevocable LC at sightPublication: Daily, timestamped 9pm Singapore timeNote: Other west coast India locations may be considered for normalization.
AG-SSD-0001 Sunoil cif India $/mtQuality: FFA basis 2% max 3% with non-reciprocal allowance of 2/1 for any excess from seller to buyer between 2% & 3%, Fractions in proportion.Quantity: 3 ktLocation: IndiaTiming: Shipment is the next loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the first business day after the 15th of the month.Unit: $/mtPayment terms: Irrevocable LC at sightPublication: Daily, timestamped 9pm Singapore time
These prices are a part of the Fastmarkets Ags Oils, Fats and Biofuels prices package.
Clarification of roll date timingFastmarkets is also clarifying the timing of the roll date to reflect the monthly roll occurring on the first business day after the 15th of the month for the above two prices.
This will be amended from “Shipment is the next loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the 16th of each month” to “Shipment is the next loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the first business day after the 15th of the month.”
Please note, Fastmarkets has also clarified language throughout the global vegoils methodology document to reflect the monthly roll occurs on the first business day after the 15th of the month.
The consultation period for the above proposed amendment starts on January 9, 2026, and will end on February 6, 2026. The amendment will then take place, subject to market feedback, on February 9, 2026.
To provide feedback on this proposal, 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: India vegoil prices.”
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.