Mintec proposes to launch Oilseed Meal Mintec Benchmark Prices

All Market Notes 31 August 2023

 

Mintec is proposing to launch monthly Mintec Benchmark Prices (MBP) for Soybean meal FOB Rotterdam and is collecting feedback from market participants in the oilseed meal markets until Thursday, 14th September 2023. 

Mintec is proposing to launch this assessment, if supported by the industry, on Friday, 29th September 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.

Soybean meal is commonly used as a protein source in animal feed. The proposed assessment would complement Mintec’s existing oilseed meal coverage and provide Mintec subscribers with a more granular look at the European animal feed markets. 

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Thursday 14th September 2023 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.