Mintec proposes to launch Russian Milling Wheat Mintec Benchmark Prices

All Market Notes 1 June 2023

Mintec proposes to launch Russian Milling Wheat Mintec Benchmark Prices

Mintec is proposing to launch two weekly Mintec Benchmark Prices (MBP) for Russian milling wheat 11.5% & 13.5% protein and is collecting feedback from market participants in the grains markets until Thursday, 15th June 2023. If the industry supports this proposal, Mintec suggests launching this assessment on Friday, 30th June 2023.

The proposed specifications for these assessments would be as below:

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

Russia's milling wheat production has risen by more than 60% over the last decade, and it has become the world's largest wheat exporter in recent years. Mintec already assesses Mintec Benchmark Prices for Russian milling wheat 12.5% protein. The proposed assessments would complement Mintec’s existing coverage and provide Mintec subscribers additional granularity and insight into the commonly traded grades of Russian origin milling wheat. 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.