Mintec proposes to launch additional Palm Kernel & Palm Stearin assessments

All Market Notes 27 February 2023

Mintec is proposing to launch four new weekly Mintec Benchmark Prices (MBP) for palm oil fractions on Thursday 30th March 2023, and is collecting feedback from market participants in the vegetable oil markets until Wednesday, 15th March 2023.

The proposed specifications for these assessments would be as below:

The proposed assessment would reflect the transactable value at 16:00:00 London time.

Palm oil is one of the most widely used oils in the world having both significant food and industrial applications. The launch of these new Mintec Benchmark Prices for palm oil fractions would allow the comparison between other palm-based products such as crude palm oil and would mean the industry would have access to independent price assessments and market information if supported by the industry.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Wednesday 15th March and clearly state which market note your comments relate to, and if the comments are intended for publication by Mintec. Mintec is proposing to launch this assessment, if supported by the industry, on Thursday, 30th March 2023.

Mintec will acknowledge receipt of all comments by email.