Ryan's Notes

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Description

Price assessments reflect actual concluded spot deals and information is gathered through consultation with producers, buyers, traders and end users. Each transaction is verified with both buyers and sellers, and where this is not possible, third and fourth parties are consulted. FOB prices are derived either from direct sales from producers and traders to buyers, or from netbacks on CFR sales based on estimated or actual freight rates. CFR prices are sometimes assessed based on prevailing FOB prices with the addition of estimated freight rates.

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