Mintec proposes to launch Ukrainian Feed Wheat Mintec Benchmark Prices

All Market Notes 1 June 2023

Mintec proposes to launch Ukrainian Feed Wheat Mintec Benchmark Prices

Mintec is proposing to launch weekly Mintec Benchmark Prices (MBP) for Ukrainian feed wheat and is collecting feedback from market participants in the grains markets until Thursday, 15th June 2023. Mintec is proposing to launch this assessment, if supported by the industry, on Friday 30th June, 2023.

The proposed specifications for this assessment would be as below:

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

Feed wheat is one of the grains with the highest amount of protein available and is an important source of energy in animal feed. Ukraine is a large producer of feed wheat, and the proposed assessment would support the demand for a FOB Benchmark and provide Mintec subscribers additional granularity and insight into the Ukranian feed grains market. 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.