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Agriculture, Rice
September 12, 2024
Platts, a division of S&P Global Commodity Insights, is proposing to amend the payment terms reflected in a number of its rice price assessments, effective Nov. 1
The proposed changes are intended to ensure Platts assessments better reflect typical trade practices in the global rice market.
Platts proposes to change the payment terms reflected in a number of its rice price assessments covering Asia, Europe, Africa and the Americas.
There would be no change to the payment terms reflected by Platts Vietnamese rice coverage.
All assessments appear on Platts Connect, as well as in the Rice Daily publication for daily assessments, and Rice Weekly for weekly assessments.
Further details of Platts global rice coverage can be found in the Platts Global Rice Specifications Guide global-rice.pdf (spglobal.com)
Please send any feedback, questions, and comments to MRTS_AgricultureandFood@spglobal.com and pricegroup@spglobal.com by Sept. 29 .
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.
The full list of assessments is:
Assessment Name | Symbol | Current Payment Term | Proposed Payment Term | Assessment Frequency |
Asia | ||||
Thailand | ||||
Thai Long Grain White Rice 100% Grade B FOB | LRAAC00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Thai Long Grain White Rice 5% Broken FOB | LRABB00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Thai Long Grain White Rice 25% Broken FOB | LRAEE00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Thai Long Grain White Rice A1 Super 100% Broken FOB | LRAFC00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Thai Long Grain Parboiled Milled Rice 100% STX FOB | LRAGC00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Thai Long Grain Fragrant Rice Hom Mali 100% Grade B FOB FCL | LRAKA00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Thai Long Grain Parboiled Milled Rice 5% STX FOB | LRAIB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Thai Long Grain Fragrant Rice Hom Mali A1 Super 100% Broken FOB FCL | LRALA00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Thai Long Grain Fragrant Rice Pathumthani 100% Grade B FOB FCL | LRAMC00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Thai Long Grain White Glutinous Rice 10% Broken FOB FCL | LRANC00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
India | ||||
India Long Grain Parboiled Milled Rice 5% STX FOB | LRCFG00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
India 1509 Parboiled Bamati 2% broken FOB FCL | LRCGP00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
India 1509 Steam Basmati 2% broken FOB FCL | LRCGS00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
India Pusa Steam Bamati 2% broken FOB FCL | LRCJS00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
India Pusa Brown Basmati Rice 2% FOB FCL | LRCKG00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
India Pusa Parboiled Milled Basmati Rice 2% FOB FCL | LRCLG00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
India 1121 Steam Bamati 2% broken FOB FCL | LRCHS00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
India 1121 Parboiled Milled Basmati Rice 2% FOB FCL | LRCNB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Pakistan | ||||
Pakistan Long Grain White Rice 5% Broken FOB | LRDAB00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Pakistan Long Grain White Rice 25% Broken FOB | LRDDE00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Pakistan Long Grain White Rice 100% Broken FOB | LRDFG00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Pakistan Long Grain Parboiled Milled Rice 5% Broken STX FOB | LRDGG00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Pakistan Long Grain White Rice 386 2% Broken FOB FCL | LRDEC00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Pakistan Super Kernel White Basmati Rice 2% FOB FCL | LRDIG00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Pakistan Super Kernel Brown Basmati Rice 2% FOB FCL | LRDJG00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Pakistan Super Kernel Parboiled Milled Basmati Rice 2% FOB FCL | LRDKG00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Pakistan 1121 Steam Basmati Rice 2% FOB FCL | LRDLB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Pakistan 1121 Parboiled Milled Basmati Rice 2% FOB FCL | LRDMD00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Cambodia | ||||
Cambodia Long Grain Fragrant Rice Phka Malis 5% Broken STX FOB FCL | LREFB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Cambodia Long Grain Fragrant Rice Sen Kra Ob 5% Broken STX FOB FCL | LREGB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Cambodia Long Grain Fragrant Rice 100% Broken A1 Super FOB FCL | LREHC00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Myanmar | ||||
Myanmar Long Grain White Rice 5% Broken FOB FCL | LRHAB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Myanmar Long Grain White Rice 25% Broken FOB | LRHBE00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Myanmar Long Grain White Rice B1 & B2 Broken FOB FCL | LRHCI00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Myanmar Long Grain Parboiled Milled Rice 5% STX FOB FCL | LRHDB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Europe, the Middle East and Africa | ||||
Italy | ||||
Italy White Rice Indica 5% Broken ex-works | LRLBB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Italy White Rice Arborio 5% Broken ex-works | LRLCB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
West Africa | ||||
Long Grain Parboiled Milled Rice 5% STX CFR West Africa | LRWRA00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Americas | ||||
US | ||||
US Gulf Long Grain Rice #2 4% Broken Hard Milled FOB bulk NOLA | LRIBH00 | Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight | Cash Against Documents | Daily |
US Gulf Long Grain Rice #2 Paddy 55/70 Yield FOB bulk NOLA | LRIFI00 | Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight | Cash Against Documents | Daily |
US Gulf Long Grain Rice Southern Pet Food Quality Broken ex-works | LRIHI00 | Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight | Cash Against Documents | Daily |
US Californian Medium Grain Rice #1 4% Broken FAS FCL Oakland | LRIIH00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
US Californian Medium Grain Rice #1 Paddy 58/69 Yield ex-works | LRIJI00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
US Gulf Long Grain Rice #2 4% Broken Hard Milled FOB Lake Charles | LRIAH00 | Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight | Cash Against Documents | Weekly |
US Gulf Long Grain Rice #1 Parboiled Milled 4% Broken FOB bulk NOLA | LRIEH00 | Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight | Cash Against Documents | Weekly |
US Gulf Long Grain Rice Southern Flour Quality Broken ex-works | LRIGI00 | Cash Against Documents, unless specified bagged, milled rice in which payment by Letter of Credit payable at sight | Cash Against Documents | Weekly |
Brazil | ||||
Brazil Long Grain White Rice 5% Broken FOB FCL | LRGAB00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Brazil Long Grain White Rice 100% Broken (1/2 Grain Brokens) FOB | LRGBC00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Brazil Long Grain Parboiled Milled Rice 5% Broken STX FOB FCL | LRGCB00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Uruguay | ||||
Uruguay Long Grain White Rice 5% Broken FOB FCL | LRJAB00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Uruguay Long Grain Parboiled Milled Rice 5% Broken STX FOB FCL | LRJCB00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Uruguay Long Grain White Rice Olimar 5% Broken FOB FCL | LRJBB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |
Argentina | ||||
Argentina Long Grain White Rice 5% Broken FOB FCL | LRKAB00 | By Letter of Credit payable at sight | Cash Against Documents | Daily |
Paraguay | ||||
Paraguay Long Grain White Rice 5% Broken FOB FCL | LRLAB00 | By Letter of Credit payable at sight | Cash Against Documents | Weekly |