Mintec launches German E-Grade Wheat Benchmark Prices

All Market Notes 21 April 2023

Following a period of market feedback, Mintec has launched weekly Mintec Benchmark Prices (MBP) for German E-grade (elite) wheat, effective from Friday, 21st April 2023.

The initial proposal to launch this assessment was announced in a market note published on 17th March 2023 which can be found here. The decision to go ahead with the launch was communicated in a market note on 3rd April 2023, which can be found here.

The full specification for the assessment is as below:

The assessment reflects the transactable value at 16:00:00 London time.

German E-grade wheat is gaining traction on the grains market as it offers high gluten, high quality and strong disease resistance. Farmers are turning to E-grade type of wheat due to agronomic and market benefits. Thus, the German E-grade wheat assessment provides an independent reference point for the industry. Please send any questions or comments about this market note to Methodology@mintecglobal.com, and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email.