Mintec launches Soybean Oil CIF India Mintec Benchmark Prices

All Market Notes 29 September 2023

Following a period of market feedback, Mintec has launched weekly Mintec Benchmark Prices (MBP) for Soybean Oil CIF India. 

The initial proposal to launch this assessment was announced in a market note published on 31st August 2023 which can be found here. The decision to go ahead with the launch was communicated in a market note on 15th September 2023, which can be found here.  

The specification for this assessment is as below: 

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

India is one of the largest global importers of vegetable oils including soybean oil. The assessment complements Mintec’s existing Indian vegetable oil coverage and allows for Mintec subscribers to monitor prices for one of the world’s largest importers. 

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 the comments are intended for publication by Mintec. 

Mintec will acknowledge receipt of all comments by email.