Mintec to launch German Wheat Bran Mintec Benchmark Prices

All Market Notes 16 June 2023

Following a period of market feedback, Mintec has decided to launch weekly Mintec Benchmark Prices (MBP) for German Wheat Bran. The assessment will begin publication effective from Friday, 30th June 2023. The initial proposal was communicated in a market note which can be found here.

The specification for this assessment will be as below:

The assessment will 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 will 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, 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.