Platts to change process for crop transitions in rice assessments April 15

Platts, a division of S&P Global Commodity Insights, will change the process for assessing prices during crop transitions across its global rice coverage, effective April 15.

Platts initially proposed this change on Feb. 27 in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/022724-platts-proposes-to-change-process-for-crop-transitions-in-rice-assessments-april-15

Following the change, Platts price assessments will consistently reflect the current rice crop.

Platts will define current crop as the most recently harvested crop available for loading, to meet the shipment period covered by the assessment window.

Any crop transitions required before April 15 will continue to use the existing weighted average approach, as detailed in Platts Global Rice Specifications guide, available here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/global-rice.pdf.

Please send any questions and comments to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.