Mintec to launch Russian Milling Wheat Mintec Benchmark Prices

All Market Notes 16 June 2023

Following a period of market feedback, Mintec has decided to launch two weekly Mintec Benchmark Prices (MBP) for Russian milling wheat 11.5% & 13.5% protein. The assessments will begin publication effective from Friday, 30th June 2023. The initial proposal was communicated in a market note which can be found here.

The specifications for these assessments will be as below: 

The assessments will 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 assessments will 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, 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.