Mintec proposes to launch German Wheat Bran Mintec Benchmark Prices

All Market Notes 1 June 2023

Mintec proposes to launch German Wheat Bran Mintec Benchmark Prices

Mintec is proposing to launch weekly Mintec Benchmark Prices (MBP) for German Wheat Bran and is collecting feedback from market participants in the grain and animal feed markets until Thursday, 15th June 2023. If the industry supports this proposal, Mintec suggests launching this assessment on Friday, 30th June 2023.

The proposed specification for this assessment would be as below:

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

Wheat bran, a by-product of the dry milling of common wheat into flour, is one of the major agro-industrial by-products used in animal feed. It contains much of the vitamins and protein of the wheat grain and thus is suitable for livestock feeding and very palatable to most classes of animals (pigs, poultry, cattle, sheep and horses). The launch of the wheat bran assessment would provide transparency in a market which is currently very opaque, and lacks independent and impartial price benchmarks. Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Thursday, 15th June 2023 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.