Mintec proposes to launch two new sustainable Palm Oil Mintec Benchmark Prices

All Market Notes 31 January 2022

Following a period of market feedback, Mintec has decided to launch two new daily Mintec Benchmark Prices for sustainable palm oil prices. These new assessments will begin publication effective Monday 14 February 2022.

The proposal was initially announced in a market note published on 11 January which can be viewed here.

The two new assessments will carry the Mintec Codes SGPO for Segregated Palm Oil FCA Malaysia and MBPO for Mass Balance Palm Oil FCA Malaysia.

The full specifications for the new assessments are as below:

The assessments will reflect the transactable value at 16:00 London time for the prices of a minimum delivery size of 50mt.

The palm oil industry has been striving to provide a more sustainable product over recent years due to a growing concern over deforestation associated with palm oil production, which has resulted in an increase in trading volumes of sustainable and mass balance palm oil. The new assessments will aid the industry in being able to compare Crude Palm Oil prices directly with Sustainable Palm Oil prices both on a fully segregated and mass balance basis. In addition, users will have access to quotes heard in the market as well as information on market evolution. The assessments will bring considerably more transparency to the sustainable palm oil industry which has historically been opaque.


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.