Platts proposes to launch HOSO shrimp farmgate India assessment

Platts, part of S&P Global Commodity Insights, proposes to launch a daily price assessment for head-on shell-on shrimp Farmgate India, effective Nov. 3.

The proposed assessment would improve transparency in the market and enhance Platts protein coverage in India, which currently includes the PDTO Shrimp FCA India, while complementing its existing "field-to-fork" coverage of agriculture markets.

The specifications of the new price assessment would be as follows:

Basis and location: Ex-Works West Godavari, Andhra Pradesh

Quality: Farm-raised L. Vannamei shrimp, head-on shell-on, 40 count/kg, packed in transport tubs (insulated boxes) with crushed ice to shrimp ratio of 2:1, loaded in reefer truck

Quantity: Minimum 5 mt

Timing: Loading up to 5 days forward from the date of publication

Payment terms: Cash against documents

The new assessment would be published in Indian rupee per kilogram (INR/kg), with a value also published in US dollars per mt ($/mt), converted using the relevant INR/$ foreign exchange rate.

A monthly average would also be published for the HOSO shrimp ex-farmgate India assessment.

The assessment would be based on bids, offers, trades and market activity reported to Platts until market close at 4:30 pm India time and reflect the prevailing market value at the time of close.

The assessment would reflect a 4:30 pm India timestamp and follow the Platts India publishing calendar. The Platts holiday calendar is available at https://www.spglobal.com/commodityinsights/en/our-methodology/holiday.

Please submit any feedback, comments or questions about this proposal to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com by Sept. 19.

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.