Mintec proposes to launch Russian Feed Barley Mintec Benchmark Prices

All Market Notes 11 August 2023

Mintec is proposing to launch a monthly Mintec Benchmark Prices (MBP) for Russian feed barley and is collecting feedback from market participants in the grains markets until Friday, 25th August 2023. Mintec is proposing to launch this assessment, if supported by the industry, on Friday 15th 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.

Russia is a major exporter of feed barley and is a key driver of price formation in the global barley markets. The proposed assessment would provide additional granularity to Mintec’s existing global feed barley coverage and allow Mintec subscribers to compare prices between reliable benchmarks for major producing and exporting countries.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Friday, 25th August 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.