Platts to launch Thai rice derivatives assessments

S&P Global Platts will launch assessments of the Thai 5% broken white rice derivatives market, effective Sept. 14, 2020.

The decision follows increasing interest in rice derivatives relating to Thailand, the world's second largest rice exporter in 2019. A proposal on this topic was published July 31, 2020, here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/073120-platts-proposes-launch-of-thai-rice-derivatives-assessments.

Platts will publish a balance-of-month assessment as well as six calendar months of Thai 5% broken white rice derivative assessments, with M1 being the first full calendar month ahead on the date of publication. The assessments will reflect an outright price derivatives contract settling on the average of Platts assessments in the named month. The balance-of-month assessment will be published up to and including the 15th day of the month, in line with other Platts derivatives assessments.

The new assessments will be published using Platts Market on Close assessment methodology, prioritizing bids, offers, and trades in the Thai 5% derivatives market. Additionally, when required, information from other related markets may be considered, including historical spot price trends, extrapolated using a proprietary S&P Global Platts Analytics model.

Please send all comments, feedback and questions to ags@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.