Platts proposes to discontinue 4 Asian glutinous, KDM, parboiled rice assessments

S&P Global Platts is proposing to discontinue its Thai White Glutinous 10% broken (Sanpathong), Thai White Glutinous broken A1, Vietnamese KDM 5% broken and Myanmar Parboiled 5% STX weekly export rice assessments from October 1, 2020, due to a significant decline in production and trade flows.

Platts understands that exports of Thai White Glutinous 10% broken (Sanpathong) and Thai White Glutinous broken A1 rice have dropped to minimal levels in recent years, with both grades now mostly consumed domestically.

Exports of Vietnamese KDM 5% broken rice have also declined significantly amid limited international demand, and now account for about 1% of total Vietnamese rice exports, according to estimates from market sources.

Exports of Myanmar Parboiled 5% STX rice are also limited due to high parboiling costs in Myanmar that make this grade relatively uncompetitive in international markets.

In addition, the European Union's decision to impose tariffs on Myanmar rice imports in January 2019 has also led to a major reduction in demand from a key export destination.

The proposed discontinuations will affect the following:

The Vietnamese KDM 5% broken price is currently published on the Platts Agricultural Alert page 2406 and in the Platts Vietnamese Rice Weekly report, while the Myanmar Parboiled 5% STX price is published on Platts Agricultural Alert page 2410 and in the Myanmar Rice Weekly report.

All of the assessments are also published in the Platts Global Rice and Global Rice Volatility Weekly reports as well the Platts price database under the codes above.

Please send all feedback, comments or questions to europe_ags and pricegroup by July 10, 2020.