Southeast Asia (basis Java) wheat cfr
Overview
Southeast Asia is one of the world’s key milling wheat importing regions, with diverse trade flows coming from Australia, the Black Sea and the Americas, covering a wide range of specifications and qualities. Unlike north Africa and the Middle East, the southeast Asian region is not dominated by government wheat tenders. It is instead predominantly a private importing market, making price discovery in the region especially challenging.
Price assessment details
What is the milling wheat Southeast Asia cfr price?
Argus has worked closely with global grains market participants across the supply chain to develop the delivered southeast Asia milling wheat index. While the index represents standard milling wheat flows into southeast Asia, Java ports in Indonesia form the basis for the index. This was carefully selected to ensure that the market knows exactly what it is transacting on, allowing for basis markets to be priced off the index and enabling market participants to clearly identify spread opportunities.
How is this price used?
Whether you are on the buy side or the sell side of the market, the index can help you avoid protracted price negotiations, better protect margins, monitor price spreads, track opportunities and benchmark yourself more effectively using an independent, third-party price reflective of fair market value. The index can be used in physical supply agreements and financial derivatives contracts, as well as for analysis and planning.
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