Mintec to launch Mintec Benchmark Prices for milling wheat delivered to Turkey

All Market Notes 29 August 2023

Following a period of market feedback, Mintec has decided to launch weekly Mintec Benchmark Prices (MBP) for Russian origin milling wheat 11.5% and 12.5% protein to Turkey (Cost, Insurance and Freight basis). The assessment will begin publication effective from Friday, 15th September 2023. The initial proposal was communicated in a market note which can be found here.

The full specifications for these assessments is as below:

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

Turkey is a major wheat importer and demand from the nation is a major determinant for price levels on the global markets. The assessments will give Mintec subscribers an insight into how Turkish pricing impacts the global wheat markets and allow for monitoring of price evolution within this important importer. 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.