Platts discontinues all Egyptian rice assessments

Platts, part of S&P Global Commodity Insights, has discontinued all Egyptian rice weekly assessments, and their related volatility calculations, effective Feb. 3, 2023.

Platts decided to discontinue the assessments and calculations on Jan. 3, 2023, available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/010323-platts-decides-to-discontinue-all-egyptian-rice-assessments

Platts proposed to discontinue the assessments and calculations on Dec. 20, 2022, available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/122022-platts-proposes-to-discontinue-all-egyptian-rice-assessments

Platts suspended its Egyptian head rice assessments in April 2016 and broken rice assessment in August 2016 following the Egyptian governments decision to ban all rice exports and limit rice production to conserve water supplies in the country.

To date, exports of rice continue to be banned, with no sign of any change in policy in the foreseeable future. As a result, Platts has discontinued these assessments.

Assessment name: Assessment code: Volatility code

Egyptian Medium Grain #2 5% Broken: LRFAB00: RVFAB00

Egyptian Medium Grain #3 10% Broken: LRFBA00: RVFBA00

Egyptian Round Grain #2 5% Broken: LRFCB00: RVFCB00

Egyptian Round Grain #3 10% Broken: LRFDA00: RVFDA00

Egyptian 100% Broken Grade 0: LRFEC00: RVFEC00

These assessments were published on Platts Agricultural Alert page PAA1613 and PAA3003 and in the Rice Weekly report. The volatility calculations were published on Platts Agricultural Alert page PAA3005 and in the Rice Weekly report.

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